Perella Weinberg Partners Expands Restructuring Group

Sebastien Maurin Joins as Managing Director

NEW YORK and LONDON, February 25, 2010 - Perella Weinberg Partners announced today that Sebastien Maurin has
joined the Firm as a Managing Director in its Corporate Advisory Group where
he will focus on restructuring and distressed merger and acquisition
transactions. Based in London, Mr. Maurin joins a growing team of
restructuring advisory professionals that have been involved in over 30
restructuring transactions since 2007.

Mr. Maurin has 21 years of investment banking experience, focusing
primarily on advising constituents in restructuring, distressed, and
leveraged situations. He was most recently a senior member of the debt
restructuring advisory business at MPC Longberry. Prior to that, Mr. Maurin
was Head of the Global High Yield and Distressed Debt Proprietary Trading
Group at Commerzbank AG.

Peter Weinberg, a Founding Partner of Perella Weinberg Partners said, "We
are committed to providing first-rate, independent advice to clients as they
consider transformative merger, acquisition or restructuring transactions. As
such, attracting seasoned professionals whose expertise augments and
complements the capabilities of our group is a primary focus. We are
dedicated to serving the best interests of our clients, and we remain focused
on being a trusted senior advisor as we expand our advisory practice."

Michael Kramer, a Partner at Perella Weinberg Partners and head of the
Firm's restructuring practice, added, "We are excited to have Sebastien join
us as we continue building our restructuring effort in Europe and the United
States. We have had a growing demand for our restructuring expertise in
Europe and are committed to being a key player in this important space."

Perella Weinberg Partners has been actively advising clients globally on
an array of in-court and out-of-court restructuring matters. Some of the
Firm's recent cross border assignments include advising:

    - Reliance Industries on its proposed acquisition of Lyondell Basell
      (India);
    - Thomson S.A. regarding the improvement of its balance sheet (France);
    - Education Media & Publishing Group on its debt restructuring (Ireland);
    - Dubai World on its joint venture project with MGM Mirage in the City
      Center project (Dubai); and
    - Gulf Bank of Kuwait on its recapitalization plan (Kuwait).

Biography of Sebastien Maurin

Sebastien Maurin, 44, has specialized in providing restructuring counsel
and has significant experience in dealing with corporates, bondholders,
shareholders, and lenders. He was most recently a senior member of the debt
restructuring advisory business at MPC Longberry. From 2007 to 2009, Mr.
Maurin was Head of the Global High Yield and Distressed Debt Proprietary
Trading Group at Commerzbank AG. From 2005 to 2006, he was President and
Founding Partner of Financiere GMS, a specialized investment fund that
invested in distressed and recovery situations in Europe. Mr. Maurin held
several senior roles at JPMorgan in European Secondary Loan Trading and the
Restructuring Group where he ran, or was a member of, steering committees for
some of the largest restructuring situations in Europe. He also was the
President of the Supervisory Board of Allibert SA from 2000 to 2003. Mr.
Maurin was a founding member of the European High Yield Team at Lehman
Brothers where he developed the research effort, and prior to that was a Vice
President in Bank of America's restructuring group.

About Perella Weinberg Partners

Perella Weinberg Partners is a leading financial services firm that
provides corporate advisory and asset management services to clients around
the world. The corporate advisory business provides high quality, independent
advice and transaction execution capabilities, including mergers and
acquisitions, exclusive sales, defense advisory and financial restructuring.
The global asset management business comprises a suite of hedge fund
strategies, private capital, and a multimanager business, and including
affiliates, has capital commitments and managed assets of over $5.5 billion.
Launched in 2006, the Firm is a private partnership with more than 275
employees recruited from a wide variety of leading financial institutions.

The Firm has offices in London, New York, Austin, Denver, and San
Francisco. Biographies and additional information available at
www.pwpartners.com.

Perella Weinberg Partners Media Contacts: Kara Findlay, Perella Weinberg Partners, +1-212-287-3197 ; U.S. Media Contact: Denise DesChenes/Renee Soto, Sard Verbinnen & Co, +1-212-687-8080 ; European Media Contact: Victoria Palmer-Moore, Powerscourt, +44(0)20-7324-0493