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Lazard Declares $0.20 Special Dividend

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Lazard Ltd (NYSE: LAZ), today announced that its Board of Directors has voted to declare a special dividend of $0.20 per share on its outstanding Class A common stock. The special dividend is payable on December 27, 2012, to stockholders of record on December 21, 2012.

The Board of Directors has also voted to accelerate the payment and record dates of Lazard's next regular quarterly dividend of $0.20 per share on its outstanding Class A common stock, which ordinarily would have been payable in February 2013. The accelerated dividend is payable on December 27, 2012, to stockholders of record on December 21, 2012.

These actions reflect Lazard's ongoing commitment to return capital to stockholders through dividends and share repurchases.

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