First graph, second sentence of release dated April 24, 2012 should read: This planned dividend increase was previously announced in Lazard’s fourth-quarter 2011 earnings release (sted Lazard’s fourth-quarter 2012 earnings release.)

The corrected release reads:

LAZARD INCREASES QUARTERLY DIVIDEND

Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to increase the quarterly dividend on its outstanding Class A common stock by 25% to $0.20 per share. This planned dividend increase was previously announced in Lazard’s fourth-quarter 2011 earnings release. The dividend is payable on May 25, 2012, to stockholders of record on May 4, 2012.

LAZ-G

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 back 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.