Under the Securities and Exchange Act Rule 11Ac1-6, Lazard Capital Markets is required to publish quarterly statistics regarding its customer agency order routing practices. The purpose of the report is to provide the public with information on how broker dealers route their customers' orders, to enable customers (and others) to evaluate order routing practices. The Rule was adopted by the Securities and Exchange Commission to enhance market transparency and foster competition among market participants.

This information is available on the internet at   www.marketsystems.com   and in hard copy for those who do not have access to the internet. The report is published by the end of the month following the calendar quarter reported. In addition to quarterly reports, information about the routing of individual customer orders such as the venue and the time of the transaction, if any, is available to customers, upon written request for the prior six months of trading activity.