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   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;1. ORGANIZATION AND BASIS OF PRESENTATION&lt;/b&gt;
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;GLG Partners, Inc. (the &amp;#8220;Company&amp;#8221;) is a global asset management company offering its clients a
   wide range of performance-oriented investment products and managed account services. The Company&amp;#8217;s
   primary business is to provide investment management advisory services for various investment funds
   and companies (the &amp;#8220;GLG Funds&amp;#8221;). The Company derives revenue primarily from management fees and
   administration fees charged to the GLG Funds and accounts it manages based on the value of assets
   in these funds and accounts, and performance fees charged to the GLG Funds and accounts it manages
   based on the performance of these funds and accounts.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;On April&amp;#160;3, 2009, the Company completed the acquisition of 100% of Soci&amp;#233;t&amp;#233; G&amp;#233;n&amp;#233;rale Asset
   Management Group Ltd.&amp;#8217;s share capital to acquire Soci&amp;#233;t&amp;#233; G&amp;#233;n&amp;#233;rale Asset Management UK (&amp;#8220;SGAM UK&amp;#8221;),
   Soci&amp;#233;t&amp;#233; G&amp;#233;n&amp;#233;rale&amp;#8217;s UK long-only asset management business, for &amp;#163;4.5&amp;#160;million ($6,450) in cash. The
   results since acquisition are included in the consolidated results of the Company.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The unaudited condensed consolidated financial statements have been prepared pursuant to the
   rules and regulations of the Securities and Exchange Commission (the &amp;#8220;SEC&amp;#8221;). Certain information
   and footnote disclosures normally included in financial statements prepared in accordance with US
   generally accepted accounting principles (&amp;#8220;US GAAP&amp;#8221;) have been condensed or omitted pursuant to the
   SEC&amp;#8217;s rules and regulations.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;These unaudited condensed consolidated financial statements should be read in conjunction with
   the consolidated and combined financial statements and the notes thereto included in the Company&amp;#8217;s
   Annual Report on Form 10-K for the year ended December&amp;#160;31, 2009.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The Company operates in one business segment, the management of global funds and accounts. The
   Company uses a multi-strategy approach, offering investment funds and managed accounts across a
   diverse range of strategies and products. The Company does not own a substantive controlling
   interest in any of the GLG Funds it manages and as a result none of the GLG Funds are consolidated
   by the Company.
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