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 THIRD-QUARTER AND NINE-MONTH 2012 RESULTS

NEW YORK, October 10, 2012 - Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2012 results in a news release to be issued Thursday morning, October 25, 2012.

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

Lazard will host a conference call at 8:00 a.m. EDT on Thursday, October 25, 2012, to discuss the company's financial results for the third quarter and first nine months of 2012. The conference call can be accessed via a live audio webcast available through Lazard's Investor Relations website at www.lazard.com, or by dialing 1 (877) 419-6593 (U.S. and Canada) or +1 (719) 325-4752 (outside of the U.S. and Canada), 15 minutes prior to the start of the call.

A replay of the conference call will be available beginning October, 25, 2012, at 1:00 p.m. EDT, through November 8, 2012, via the Lazard Investor Relations website, or by dialing 1 (888) 203-

1112 (U.S. and Canada) or +1 (719) 457-0820 (outside of the U.S. and Canada). The replay access code is 8019543.

LAZ-G

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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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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. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee the accuracy of our estimated targets, future results, level of activity, performance or achievements. 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 our reports on Forms 10-Q and 8-K including the following: