Transactions


DISCLAIMER: Transaction value is approximate and is based on information disclosed by the parties to the transaction or other public sources. In addition, in the case of transactions consummated in currencies other than U.S. dollars, Lazard has converted the value using the exchange rate published on the date of announcement. Lazard makes no representation or warranty with respect to the accuracy or completeness of the value provided

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July 02, 2006 United Kingdom, India

Reuters acquisition of 26% equity stake in Times Global Broadcasting Company Limited

Undisclosed

June 30, 2006 United States

60-yr notes

$300 Million

June 30, 2006 United States

10-yr notes

$250 Million

June 30, 2006 United States

10-yr notes

$175 Million

June 29, 2006 France

Locindus, a French listed financial services company specializing in real estate finance leasing has spinned off part of its real estate assets in a newly listed real estate investment company named SIICInvest

$90 Million

June 29, 2006 Korea (South), United States

Sale of a portion of its stake in Celltrion, an overseas biopharmaceutical manufacturing facility

$79 Million

June 28, 2006 Italy, United States

Sale of real estate properties to two joint ventures controlled by Morgan Stanley Real Estate Funds and Cypress Grove International Funds

$1.3 Billion

June 26, 2006 United States

Determination of price at which Sprint Nextel will purchase Nextel Partners Class A common stock under the put right in Nextel Partners' charter (implied enterprise value for Nextel Partners of approximately $10 billion)

$10 Billion

June 22, 2006 France, United States

WENDEL Investissement to acquire Deutsch group

$1 Billion

June 20, 2006 France

Colony Capital, Butler Capital Partners and Morgan Stanley to acquire PSG football club

Undisclosed