Lazard announces closing of Senior Notes Offering

Press releases — New York

September 19, 2018

NEW YORK, September 19, 2018 – Lazard Ltd (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering of $500 million aggregate principal amount of 4.500% Senior Notes due 2028 (the “Notes”). The Notes were issued by Lazard Group and were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Notes are senior unsecured obligations of Lazard Group. Lazard Group previously announced its intention to use a portion of the proceeds of the Notes offering to repurchase or redeem up to $250 million aggregate principal amount of its outstanding 4.250% Senior Notes due 2020 (the “2020 Notes”), and to pay fees and expenses related to the foregoing, and to use the remaining amount for general corporate purposes, including potential repurchases of shares of Lazard Ltd’s Class A common stock.

In that regard, on September 12, 2018, Lazard Group announced its commencement of a cash tender offer for up to $250 million aggregate principal amount of the 2020 Notes. This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy the securities described herein.

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