Lazard Investor Presentation Deck

INVESTOR PRESENTATION Strong Capital Returns Balancing dividend growth and share repurchase through the cycle $1.20 $1.52 $1.30 $1.64 Annual Dividends ¹ LAZARD $0.50 $1.76 $1.88 $1.88 $1.88 $1.97 $1.50 2016 2017 2018 2019 2020 2021 2022 9M¹23 ■Dividends Special Dividends 132.6 132.5 129.8 8.6 2016 1. Annual dividend per share values are calculated with respect to fiscal year performance 7.0 Weighted Average Shares Outstanding 12.2 117.3 13.7 3 2017 2018 2019 Weighted Avg Shares (Shares in millions) ||| FINANCIAL STRATEGY 113.9 114.2 2.9 9.1 103.2 19.7 98.3 2020 2021 2022 3Q23 Shares Repurchased 33

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