Media contacts: Investor contacts:

Judi Frost Mackey, +1 212 632 1428 Matthieu Bucaille, +1 212 632 6259 judi.mackey@lazard.comChief Financial Officer

Richard Creswell, +44 207 187 2305 Investor Relations, +1 212 632 2685 richard.creswell@lazard.comor 1 877 266 8601(US only)

investorrelations@lazard.com

LAZARD TO ANNOUNCE SECOND-QUARTER AND FIRST-HALF 2011 RESULTS

NEW YORK, July 18, 2011– Lazard Ltd (NYSE: LAZ) will announce its second-quarter and first-half

2011 results in a news release to be issued before the opening of The New York Stock Exchange on

Thursday, July 28, 2011.

The press release will be available on Lazard’s website at: www.lazard.com.

Kenneth M. Jacobs, Chairman and Chief Executive Officer, and Matthieu Bucaille, Chief Financial Officer, will host a conference call on July 28, 2011, at 10:00 a.m. EDT to discuss the company’s financial results for the second quarter and first half of 2011. The conference call can be accessed via a live audio web cast available through Lazard’s Investor Relations website at www.lazard.com, or by dialing 1 (888) 515-2880 (U.S. and Canada) or +1 (719) 457-2631 (outside of the U.S. and Canada),

15 minutes prior to the start of the conference call.

A replay of the conference call will be available beginning July 28, 2011, at 1:00 p.m. EDT, through August 11, 2011, via the Lazard Investor Relations website, or by dialing 1 (888) 203-1112 (for the U.S. and Canada) or +1 (719) 457-0820 (outside of the U.S. and Canada). The replay access code is 2421537.

About Lazard

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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.

Cautionary Note Regarding Forward-Looking Statements

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This press release contains “forward-looking statements.” In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential” or “continue”, and the negative of these terms and other comparable terminology. These forward-looking statements are not historical facts but instead represent only our belief regarding future results, many of which, by their nature, are inherently uncertain and outside of our control. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by these forward-looking statements.

These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A “Risk Factors,” and also disclosed from time to time in reports on Forms 10-Q and 8-K including the following: