Trend Table for LAZ - Lazard LTD.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 17	B	Weak or Absent	Up	Up	Up	0.23%
May 16	B	Weak or Absent	Up	Up	Up	0.53%
May 15	B	Weak or Absent	Up	Up	Up	1.93%
May 14	C	Weak or Absent	Up	Up	Up	3.53%
May 13	D	Weak or Absent	Up	Flat	Flat	5.51%
May 10	D	Weak or Absent	Up	Down	Flat	5.75%
May 9	C	Weak or Absent	Up	Flat	Up	5.02%
May 8	C	Weak or Absent	Up	Flat	Up	4.94%
May 7	D	Weak or Absent	Up	Flat	Flat	5.34%
May 6	C	Weak or Absent	Up	Up	Up	2.72%