Lazard Investor Presentation Deck

INVESTOR PRESENTATION Recent Development - Conversion to a U.S. C-Corporation Lazard Ltd Plans Conversion to U.S. C-Corporation January 1, 2024 TIMING TAX REPORTING VALUE ENHANCING FINANCIAL IMPACT SIMPLIFIED ΤΑΧ REPORTING LAZARD • Lazard Ltd expects to convert to a Delaware C-Corporation in 2024 - Timing of conversion subject to compliance with global regulatory requirements I INVESTMENT HIGHLIGHTS Simplifies shareholder tax reporting, dividends expected to continue to be qualified for U.S. tax purposes Shareholders will receive 1099-DIVs, eliminates filing K-1 and K-3s, beginning in 2024 Shareholders of record in 2023 expected to receive a final K-1 / K-3 in March 2024 • Broadens eligible investor universe and enhances trading liquidity Unlocks opportunity for equity value appreciation by removing ownership restrictions • Non-taxable transaction for Lazard and its shareholders • Potentially more attractive M&A and compensation currency, and enhanced access to capital • Reflects evolution in global tax laws Conversion expected to result in a low single-digit increase to our effective tax rate, subject to a normalized level of earnings BROADENS OWNERSHIP ELIGIBILITY |~ ENHANCES TRADING LIQUIDITY MORE ATTRACTIVE SHARE-BASED CURRENCY STRONG SHAREHOLDER GOVERNANCE 7 |

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