Investor Presentaiton

Investing in Financial Advisory Growth Increasing our total addressable market by scaling the franchise. Minneapolis Chicago 2016 Acquired banking boutique to serve growing Canadian business Toronto 2013-2017 Expanded presence in US Midwest 2017 Opened Mexico office Mexico Bogota Panama City 2012 Fully integrated Brazilian Santiago Sao Paulo advisory operations Buenos Aires 2016 Fully integrated Latin American operations ex-Brazil and Mexico Source: Dealogic, Capital IQ 1 LAZARD -234 2012-2014 Expanded coverage in Africa 2006 - 2017 Built inbound and outbound M&A advisory team in China Beijing Tokyo Hong Kong 2016-2017 Reinforced dedicated advisory team in Japan REGION # OF COMPANIES > $1BN (BY MARKET CAP) 1 # OF M&A DEALS > $1BN (2012-2020) 2 US Midwest 135 354 Canada 209 174 Latin America 3 293 173 Japan 711 163 China 2,070 2744 France 132 176 Compared to Germany 174 197 United Kingdom 255 325 Companies with market cap > $1bn as of December 31, 2020 Based on announcement date between January 1, 2012 and December 31, 2020. Number based on target nationality 24 Latin America includes Argentina, Brazil, Chile, Colombia, Mexico, Panama and Peru Inbound and outbound transactions only

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