Lazard Announces Closing of Senior Notes Offering by Lazard Group LLC

NEW YORK, August 1, 2025 – Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering (the “Offering”) of $300,000,000 aggregate principal amount of 5.625% Senior Notes due 2035 (the “Notes”). The Notes were issued by Lazard Group and were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Notes are senior unsecured obligations of Lazard Group. The Notes are fully and unconditionally guaranteed by Lazard, Inc. The guarantees of the Notes are unsecured unsubordinated obligations of Lazard, Inc.

Lazard Group previously announced its intention to use the net proceeds from the Offering to repurchase all of its outstanding 3.625% Senior Notes due March 1, 2027 (the “2027 Notes”) that are validly tendered and not validly withdrawn and accepted for purchase pursuant to the Tender Offer (as defined below), to pay fees and expenses related to the Tender Offer, and to use the remaining amount for general corporate purposes. In that regard, Lazard, Inc. previously announced the commencement of a cash tender offer (the “Tender Offer”) by Lazard Group for any and all of the 2027 Notes. The Tender Offer expires today at 5:00 p.m. (New York City time), unless extended or terminated as described in the Offer to Purchase.