Leading Independent Research Firm Now Advises Clients That Manage More Than $11 Trillion

SAN FRANCISCO, CA (Jan. 24, 2006) – Glass, Lewis & Co., a leading independent research firm that helps institutional investors make better investment and proxy voting decisions, celebrated its third year in operation this week. Glass Lewis has grown its business at a formidable rate and announced its institutional investor clients as of Jan. 1, 2006, manage more than $11 trillion.

Glass Lewis provides proxy research and analysis on nearly 11,000 companies in 63 countries. Its research team is based in San Francisco, California, and Broomfield, Colorado and is led by Lynn E. Turner, the former chief accountant of the U.S. Securities and Exchange Commission.

Glass Lewis provides proxy research and recommendation services to eight of the ten largest public pension funds* in the United States and to some of the largest public pension funds in Europe, the United Kingdom and Canada. Glass Lewis also provides these services to seven of the ten largest money managers* and mutual fund families* in the United States.

“We are obviously pleased that so many of the world’s largest investors turn to us for advice on investment and proxy voting matters,” said Gregory P. Taxin, Glass Lewis’ Chief Executive. “We believe institutional investors deserve a choice of proxy research suppliers and, apparently, so do they.”

Glass Lewis also recently launched its proxy voting platform, called ViewPoint, which assists global institutions with the execution of proxy votes. ViewPoint provides unparalleled voting accuracy, transparency and reliability. Glass Lewis announced that more than forty institutions have signed up for the service, including three of the largest public pension funds and several top-30 institutional money managers

“Our clients have been seeking a reliable partner for executing proxy votes,” said Robert McCormick, Glass Lewis’ Vice President for Proxy Research and Operations. “We are proud to deliver the best solution in the market.”

*Note: Public pension funds, as listed by Pensions & Investments (Jan. 2006); Money managers, as listed by Institutional Investor America’s Top 300 (2005); and Mutual fund families, as listed by Strategic Insight (Nov. 2005.)

About Glass Lewis
Glass, Lewis & Co. is a leading investment research and global proxy advisory firm, serving institutions that collectively manage more than $11 trillion. Glass Lewis helps institutional investors make more informed investment and proxy voting decisions by identifying business, legal, governance and financial statement risks at more than 11,000 companies worldwide. To learn more about Glass Lewis, go to www.glasslewis.com.

Contact: Loren Schaffzin, +1-415-678-4119 or lschaffzin@glasslewis.com

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