Lazard Investor Presentation Deck

INVESTOR PRESENTATION Corporate Structure NYSE: LAZ common stock Lazard Ltd announced plans to convert to a U.S. C-Corporation January 1, 2024, timing is subject to compliance with global regulatory requirements ● ● ● Lazard Ltd - Bermuda exempt company, shares of Class A common stock trade on New York Stock Exchange NYSE: LAZ Corporate Structure Lazard Group LLC - Delaware limited liability company, subsidiary of Lazard Ltd and the holding company for Lazard's global operating business Global operations - Approximately 46% of net revenues generated outside of the Americas and approximately 65% assets under management held in non-U.S. dollar-denominated securities LAZARD Lazard files annual and quarterly SEC filings, consistent with U.S. listed common equities Broadly diversified investor base includes key indexes, mutual funds and ETFs, as well as global institutional and retail ownership - Approximately 96% of common shares traded (float) Inclusion in Russell and CRSP market capitalization weighted indexes, Dow Jones U.S. Select Dividend Index As of December 31, 2022 ● ● APPENDIX Partnership for U.S. tax purposes Tax Considerations - K-1 and K-3 issued annually Quarterly qualified notices provided - Exempt from 1.1446-4 withholding No Unrelated Business Taxable Income (UBTI) or Effectively Connected Income (ECI) No separate state filing requirements and Lazard's common stock is appropriate for tax-exempt investors Sample Schedule K-1/K-3 available on Lazard's investor relations website U.S. resident shareholders not subject to withholding tax on quarterly dividends Non-U.S. investors only subject to withholding tax on U.S. portion of quarterly dividends 35 |

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