AllianceBernstein August 31, 2010 Assets Under Management

AllianceBernstein L.P. and AllianceBernstein Holding L.P.

announced that preliminary assets under management fell to $467 billion from $482 billion during August 2010. The 3.1% decline was due to negative equity investment returns and net asset outflows, mainly from institutional accounts. Half of the institutional outflows were from a non-actively managed account which generates substantially lower fees than other such accounts.