X0306 4 2020-08-18 0 0001311370 Lazard Ltd LAZ 0001450474 Stern Alexander F. C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 0 1 0 0 President Class A Common Stock 2020-08-18 4 S 0 64893 31.5926 D 250328 D Class A Common Stock 2020-08-19 4 S 0 44380 31.5439 D 205948 D Class A Common Stock 2020-08-20 4 S 0 17727 30.9803 D 188221 D Reflects a weighted average purchase price of $31.5926 per share, at prices ranging from $31.50 to $31.81 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price. Reflects a weighted average purchase price of $31.5439 per share, at prices ranging from $31.44 to $31.73 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price. Reflects a weighted average purchase price of $30.9803 per share, at prices ranging from $30.82 to $31.03 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price. Amount excludes 13,112 Restricted Stock Units, 38,961 Performance-based Restricted Stock Units and 31,010 Performance-based Restricted Participation Units directly or indirectly owned by the reporting person. /s/ Alexander F. Stern by Scott D. Hoffman under a P of A 2020-08-20