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 Kathryn Harmon, +1 212 632 6637 richard.creswell@lazard.comor 1 877 266 8601(US only)

kathryn.harmon@lazard.com

LAZARD TO ANNOUNCE FIRST-QUARTER 2012 RESULTS

NEW YORK, April 23, 2012- Lazard Ltd (NYSE: LAZ) will announce its first-quarter 2012 results in a news release to be issued before the opening of The New York Stock Exchange on Friday, April 27, 2012.

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

As previously communicated, Lazard hosts investor conference calls twice a year to review its first-half and full-year results. Accordingly, Lazard will hold its next investor conference call after the release of the company's first-half 2012 results.

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.

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Cautionary Note Regarding Forward-Looking Statements

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: