Lazard Board Of Directors Approves Share Repurchase Authorization

Lazard Ltd (NYSE:LAZ) today announced that its Board of Directors has authorized additional share repurchases of $236 million, expiring December 31, 2018. The authorization brings the Firm's total share repurchase authorization to $400 million.

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 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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