LAZARD LT : Lazard Middle Market Hires Ed King as Managing Director to Head Education Advisory Group [PDF]

For Immediate Release

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LAZARD MIDDLE MARKET HIRES ED KING AS MANAGING DIRECTOR TO HEAD EDUCATION ADVISORY GROUP

CHICAGO, July 1, 2011 – Lazard Middle Market, a subsidiary of Lazard Ltd (NYSE: LAZ), today announced that it has hired Ed King as a Managing Director and head of its Education and Training Advisory Group. Based in Chicago, Mr. King joins Lazard Middle Market from BMO Capital Markets where he was a Managing Director, Mergers & Acquisitions in the Education and Business Services sector.

“Technological advances and globalization are changing what employers expect from their workforce, and are driving individuals to increase their skill set and level of education. We therefore expect the for- profit education and training sectors to continue to experience strong growth in the coming years,” said Lazard Middle Market’s co-CEO David Solomon.

“Ed has established a national reputation in the education sector. He has deep relationships both within the industry and with financial sponsors. We are excited to have him lead our education and training advisory team,” said Michael McFadden, co-CEO of Lazard Middle Market. “Not only does Ed have extensive mergers and acquisitions expertise, but his capital markets experience gives him the ability to offer clients a broad range of solutions.”

Mr. King has more than 18 years experience developing and executing M&A transactions, public equity offerings and private placements. While at BMO Capital Markets, he was responsible for building its M&A franchise in Education and overseeing the transaction execution in the sector. Prior to that, Mr. King was at William Blair & Company in its Software and Information Services group and he was a Managing Director at ABN AMRO where he built and managed the firm’s Business & Information Services practice.

About Lazard Middle Market

Lazard Middle Market LLC (www.lazardmm.com), a subsidiary of Lazard Ltd (NYSE:LAZ), provides strategic advice on M&A, restructuring, and public and private capital raising to the middle market. Our

senior professionals focus exclusively on mid-cap companies, bringing to bear all the industry expertise, senior board-level relationships and local perspectives of Lazard’s bankers worldwide.

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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