Lazard Investor Presentation Deck

INVESTOR PRESENTATION Convergence of Public and Private Capital Markets Scale and market evolution enable creative financing solutions across capital markets spectrum Lazard is creating bespoke financing solutions for our clients Complex situation → Unique opportunity Capital Markets as a Solution GP-led secondary- market solutions Investment grade- public/private capital Liquidity facilities First-lien capital,- covenant lite Junior capital,- unsecured Access / volatility → Less constrained by market conditions Equity preferred,- convertible, common LAZARD Solutions Applications Process → High diligence, streamlined M&A financing Long-term partnership capital Short-term bridge capital Medium-term confidence capital - Non-control equity / structured debt Refinancing flexibility Flexibility Customized structure, covenants, cost Key considerations: ● ● ● [] DIVERSIFIED BUSINESS ● Partnership → Short-term or strategic Differentiated approach to traditional capital markets, engaging private and public markets to improve execution Auction process optimizes investors and terms Enables outcome-oriented decision-making with a focus on scale, speed and certainty • Potential for strategic relationship with capital providers Cross-capital options, including straight debt, mezzanine, convertible, preferred and equity Customization of capital: price, structure, covenants and redemption flexibility 26

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