Media contacts:

Judi Mackey, +1 212 632 1428 Monica Orbe, +1 212 632 6968 judi.mackey@lazard.com monica.orbe@lazard.com

LAZARD HIRES TIMOTHY M. GEORGEAS A MANAGING DIRECTOR, FINANCIAL ADVISORY– Expands Consumer Products, Food and Beverage Expertise –

NEW YORK, September 8, 2011 – Lazard Ltd (NYSE: LAZ) announced today that Timothy M. George has joined the firm as a Managing Director in its Financial Advisory business, effective immediately.

Mr. George has more than 30 years’ experience in the investment banking industry, having advised on major transactions for many of the leading companies in the consumer, food and beverage sectors.

Mr. George, based in New York, was previously a Founding Partner of Greenhill & Co. and a member of its Management Committee. Prior to joining Greenhill in 1997, he was a Managing Director and head of Morgan Stanley’s Global Food, Beverage and Consumer Products Group.

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 42 cities across 27 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating back to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com.

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