New York, October 12, 2026 / PRNewswire / -- Lazard, Inc. (New York Stock Exchange ticker: LAZ) Today, it was announced that as of September 30, 2026, its preliminary asset management scale ( AUM ) totaled approximately $284 billion.

The company stated that for that month, AUM included a market depreciation of $3.2 billion, an exchange rate depreciation of $2.1 billion, and a net outflow of $900 million. The preliminary average AUM for the quarter ending September 30, 2026, was $286.6 billion.

Lazard, Inc.

Asset management scale ( AUM )

(Unaudited)

(Million US dollars)

(Preliminary data, subject to adjustment later on.)

About Lazard

Lazard was established in 1848 and is a financial advisory and asset management company with operations spanning North America, South America, Europe, the Middle East, Asia, and Australia. Lazard provides consulting services for mergers and acquisitions, capital markets and capital solutions, restructuring and debt management, geopolitics, and other strategic matters, as well as asset management and investment solutions for institutions, corporations, governments, partnerships, family offices, and high-net-worth individuals. Lazard is listed on the New York Stock Exchange under the names Lazard and Inc, with the stock code LAZ. For more information, please visit Lazard.com and follow Lazard on LinkedIn.

Note on Forward-Looking Statements:

This press release contains “forward-looking statements” as defined by the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. In certain circumstances, forward-looking statements can be identified by words such as “may,” “will,” “should,” “be able to,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “continue,” and their negative forms or similar phrases. These forward-looking statements are subject to known and unknown risks, uncertainties, and assumptions related to the company, and may include forecasts of future financial performance based on the company’s growth strategy, business plans and initiatives, as well as expectations regarding business trends. These statements are merely judgments made based on the company’s current expectations and projections regarding future events. There are various important factors that could cause the company’s actual results, level of business activities, performance, or achievements to differ significantly from those stated or implied in the forward-looking statements.

These factors include, but are not limited to, those discussed in the company's 10-K annual report under 'Item 1A - Risk Factors', as well as those occasionally discussed in the 10-Q quarterly reports and the current 8-K reports, including the following matters:

• The overall economic environment is unfavorable, or the global or regional financial market conditions are poor;
• Changes in international trade policies and practices, including the imposition of tariffs, plans to further increase tariffs, and the responses from other jurisdictions, as well as the resulting economic impacts, fluctuations, and uncertainties;
• A decline in company revenue, for example, due to overall mergers and acquisitions activities, a decrease in the company's share in the mergers and acquisitions market, or a reduction in the scale of asset management;
• Losses incurred by third parties due to financial or other problems;
• Losses caused by unidentified or unforeseen risks;
• Lack of liquidity means that it is not possible to obtain funds in a timely manner that can be used for the company's operations;
• The business is facing competitive pressures, as well as challenges in retaining and attracting employees at the current salary levels;
• Changes occur in relevant tax laws, regulations, or tax treaties, or adverse interpretations are made regarding these matters.

These risks and uncertainties are not exhaustive. The company's SEC report also describes other factors that may have an adverse effect on its business and financial performance. In addition, the company operates in a highly competitive and rapidly changing environment, where new risks and uncertainties may arise from time to time. It is not possible for the company's management to predict all such risks and uncertainties, nor can they assess the impact of all factors on the company's business, or to determine to what extent any single factor or combination of factors could lead to significant differences between actual results and those contained in any forward-looking statements.

Therefore, it cannot be guaranteed that the forward-looking statements contained in this press release will prove to be accurate or correct. Although the company believes that the content reflected in the forward-looking statements is reasonable, the company cannot guarantee future results, levels of business activities, performance, achievements, or events. Furthermore, neither the company nor any other party assumes any responsibility for the accuracy or completeness of such forward-looking statements. Investors should not regard forward-looking statements as predictions of future events. The company has no obligation to update any forward-looking statements after the release of this press release to bring them in line with actual results or revised expectations, and the company has no intention of doing so.

Lazard, Inc. It indicates that the company is committed to providing information to investors in a timely and accurate manner, in compliance with legal and regulatory obligations. To this end, Lazard and its operating companies convey information about their business through their website and other social media platforms, including expected quarterly financial results, quarterly financial, statistical, and business-related information, as well as updates on the asset management sizes of various mutual funds, hedge funds, and other investment products managed by Lazard Asset Management LLC, Lazard Fr, res, and Gestion SAS. Investors can access the websites of Lazard and its operating companies through the link www.lazard.com.

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