Bear Stearns Advances To Second Place In The 2007 Institutional Investor All-America Research Team Survey

NEW YORK, NY . — Bear, Stearns & Co. Inc. today announced that its equity research department achieved its highest ranking in Institutional Investor’s All-America Research Team survey, rising from fourth place last year to second place this year. Bear Stearns earned 38 positions in the 2007 II survey — a new record for the equity research department. Ten analysts were top ranked and two analysts appeared in dual categories.

“Our analysts are insightful and innovative and clients believe our research gives them an edge,” said Kay Booth, Director of Global Equity Research. “Our strong showing in II reflects the value clients place on Bear Stearns research. I’m extremely proud of the Department’s accomplishment.”

Each year, Institutional Investor’s All-America Research Team survey asks portfolio managers and buy-side analysts to identify which Wall Street analysts are the best in their sectors. Our top-ranked analysts covering Aerospace & Defense Electronics, Airfreight & Surface Transportation, Radio & TV Broadcasting and Restaurants have been voted No. 1 in their sectors for more than five years. In the Accounting & Tax Policy category, Bear Stearns has remained No. 1 for 17 consecutive years.

Bear Stearns also received top honors for research in Biotechnology, Business & Professional Services, Gaming & Lodging, Managed Care and Metals & Mining. Bear Stearns achieved eight Second Team positions, eight Third Team positions and 12 Runners-Up. In addition, 12 Bear Stearns analysts ranked in new sectors for the first time this year.