Lazard Ltd.

(NYSE:LAZ)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Operating revenue
Total Revenue	439,464	505,645	350,104	623,332
Operating Revenue	439,464	505,645	350,104	623,332
Adjustments To Revenue	540,533	379,650	—	452,805
Cost Of Sales	—	—	—	—
Cost Of Sales With Depreciation	—	—	—	—
Gross Operating Profit	-101,069	125,995	350,104	170,527
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	—	—	—	—
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	-101,069	125,995	350,104	170,527
Operating Income	—	—	—	—
Depreciation	—	—	—	—
Depreciation Unreconciled	—	—	—	—
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	-101,069	125,995	350,104	170,527
Non Operating Expenses
Interest Expense	33,644	38,257	38,772	38,249
Pre Tax Income	-134,713	87,738	311,332	132,278
Income Taxes	8,304	18,110	—	14,958
Minority Interest	-66,060	35,311	—	58,195
Income Before Income Taxes	—	—	—	—
Net Income From Continuing Operations	-76,957	34,317	7,799	59,125
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	-76,957	34,317	7,799	59,125
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	-76,957	34,317	7,799	59,125
Normalized Income	-76,957	34,317	—	59,125
NetIncome Available For Common	-76,957	34,317	7,799	59,125
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Operating revenue
Total Revenue	2,054,799	1,597,809	1,379,807	1,328,180
Operating Revenue	2,054,799	1,597,809	1,379,807	1,328,180
Adjustments To Revenue	1,499,394	1,166,346	959,080	916,543
Cost Of Sales	—	—	—	—
Cost Of Sales With Depreciation	—	—	—	—
Gross Operating Profit	555,405	431,463	420,727	411,637
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	—	—	—	—
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	555,405	431,463	420,727	411,637
Operating Income	—	—	—	—
Depreciation	—	—	—	—
Depreciation Unreconciled	—	—	—	—
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	555,405	431,463	420,727	411,637
Non Operating Expenses
Interest Expense	137,110	104,254	78,365	53,875
Pre Tax Income	418,295	327,209	342,362	357,762
Income Taxes	80,616	68,812	58,985	28,375
Minority Interest	182,637	165,412	122,315	174,720
Income Before Income Taxes	—	—	—	—
Net Income From Continuing Operations	155,042	92,985	161,062	241,467
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	155,042	92,985	161,062	241,467
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	5,507
Total Net Income	155,042	92,985	161,062	246,974
Normalized Income	155,042	92,985	161,062	241,467
NetIncome Available For Common	155,042	92,985	161,062	241,467
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—