San Francisco (Dec. 19, 2005) — Glass, Lewis & Co., a leading investment research and proxy advisory firm, today announced that a majority of the nation’s top institutional investors subscribe to the Glass Lewis proxy research service. Glass Lewis has achieved this substantial market share in less than two years by providing investors with the only contextual, conflict- free proxy research service covering companies around the world.

Glass Lewis customers collectively manage nearly $8 trillion and include more than half of the top 15 mutual fund families*, more than half of the top 15 institutional money managers* and more than half of the top 15 public pension funds.*

“In this competitive marketplace investors have turned to us because of the quality of our advice,” said Gregory P. Taxin, chief executive officer of Glass Lewis. “We are pleased to welcome to our client base so many respected institutions that are seeking the financial, corporate governance, accounting and legal expertise we offer.”
Glass Lewis’ research team is led by Lynn E. Turner, the former Chief Accountant of the Securities and Exchange Commission. More than 70% of Mr. Turner’s staff have advanced degrees in accounting, law, finance, public policy or other areas relevant to the research Glass Lewis conducts. Glass Lewis provides advice on more than 6,200 companies, comprising 90% of the equity market capitalization of the world’s developed financial markets, including all companies in the Russell 3000, MSCI EAFE + Canada and MSCI World indices.

*Note: Mutual fund families, as listed by Strategic Insight (August 2004); institutional money managers, as listed by Institutional Investor (July 2004); and public pension funds, as listed by Pensions & Investments (January 2004).

About Glass Lewis
Glass, Lewis & Co. is a leading independent investment research and proxy advisory firm, serving institutions that collectively manage nearly $8 trillion. As the only global, conflict-free provider of analysis and recommendations on corporate proxies, Glass Lewis covers more than 6,200 companies worldwide.
Glass Lewis also develops independent investment research focused on identifying unrecognized business and financial risks at public companies.
For more information about Glass Lewis, visit /.
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CONTACT: Loren Schaffzin of Glass Lewis, +1-415-678-4119 or lschaffzin@glasslewis.com