John Moore Appointed as CEO of Bear Stearns Asia

Business Wire, August 29, 2007

NEW YORK -- The Bear Stearns Companies Inc. today announced the appointment of John Moore as chief executive officer for its businesses in Asia, responsible for overseeing the Firm's continued expansion across the region and the growth of existing and new business lines. Mr. Moore will take up his new role from the start of September and will be based at the Firm's offices in Tokyo and Hong Kong. He will report to Michel Peretie, head of Europe and Asia.

Mr. Peretie commented on the appointment, "Our business in Asia is growing at a significant rate and we are committed to increasing our investment in people and technology to deliver the best products and services to our clients. John is a great manager and business leader who has already played a big part in the growth of the Firm. He is ideally suited to working with the talented team in Asia to take that business to the next step in its rapid development."

Mr. Moore joined Bear Stearns in March 2001 as global head of Agency Capital Markets in New York. In 2004 he moved to London to manage Fixed Income Sales and Trading. In 2006 he became co-head of Fixed Income for Europe and was appointed as a member of the European executive committee. He holds a BA in Economics from Yale University and an MBA from Northwestern University.

Bear Stearns has offices in Tokyo, Hong Kong, Beijing, Shanghai and Singapore, focusing on business areas where it can leverage existing expertise and meet the needs of both regional and global clients.

About Bear Stearns

Founded in 1923, The Bear Stearns Companies Inc. (NYSE: BSC) is a leading financial services firm serving governments, corporations, institutions and individuals worldwide. The Company's core business lines include institutional equities, fixed income, investment banking, global clearing services, asset management, and private client services. Headquartered in New York City, the company has approximately 15,000 employees worldwide. For additional information about Bear Stearns, please visit the firm's web site at www.bearstearns.com.