On July 24, 2020, the Board of Directors (the Board") of PJT Partners Inc. appointed Grace Reksten Skaugen as a director of the Company, effective July 27, 2020. The appointment of Ms. Skaugen increases the size of the Board to seven members. The Board has designated Ms. Skaugen a Class III director who will stand for election by the Company's shareholders at the Company's Annual Meeting to be held in 2021. Ms. Skaugen has been appointed to the Audit Committee of the Board, effective August 1, 2020. Grace Reksten Skaugen, a Norwegian national, has extensive experience working with a broad array of European companies. She previously served as a senior advisor to Deutsche Bank (2007-2014) and HSBC (2014-2019).