Freedom Acquisition Holdings, Inc. Announces Record Date, Meeting Date and Schedule for Mailing of Definitive Proxy Material



    NEW YORK, Oct. 10 /CNW/ -- The Board of Directors of Freedom Acquisition
Holdings, Inc. (Amex:   FRH) (Amex:   FRH.U)(Amex:   FRH.WS) ("Freedom") has fixed
the close of business on October 12, 2007 as the record date (the "Record
Date") for the determination of Freedom stockholders entitled to notice of and
to vote at the special meeting of stockholders ("Special Meeting"), and at any
adjournment thereof, relating to the proposed acquisition of GLG Partners LP
and certain affiliated entities ("GLG") by Freedom and certain of its
wholly-owned subsidiaries, and such other proposals as disclosed in the proxy
materials relating to the Special Meeting. The Special Meeting is scheduled
for 9:00 a.m. on October 31, 2007 at the offices of Greenberg Traurig, LLP,
200 Park Avenue, New York, New York. Definitive proxy material for the Special
Meeting will be made available electronically on the Securities and Exchange
Commission's Internet site (www.sec.gov) on or about October 11, 2007 and
mailed to Freedom stockholders shortly thereafter. Stockholders are urged to
review such material carefully.
    In addition to approval by Freedom stockholders, the acquisition is
subject to receipt of certain regulatory approvals and satisfaction of all
other closing conditions. The setting of the record date, the meeting date and
mailing of definitive proxy material provides no assurance that the
acquisition will occur.
    A list of stockholders entitled to vote at the Special Meeting will be
open to the examination of any stockholder, for any purpose germane to the
meeting, during regular business hours for a period of ten calendar days
before the Special Meeting at Greenberg Traurig, LLP, 200 Park Avenue, New
York, New York 10166, and at the time and place of the Special Meeting during
the duration of such meeting.
    
    About GLG
    
    GLG, the largest independent alternative asset manager in Europe and one
of the largest in the world, offers its base of long-standing prestigious
clients a diverse range of investment products and account management
services. GLG's focus is on preserving client's capital and achieving
consistent, superior absolute returns with low volatility and low correlations
to both the equity and fixed income markets. Since its inception in 1995, GLG
has built on the roots of its founders in the private wealth management
industry to develop into one of the world's largest and most recognized
alternative investment managers, while maintaining its tradition of client-
focused product development and customer service. As of June 30, 2007, GLG had
gross assets under management of over $21 billion.
    
    About Freedom
    
    Freedom is a blank check company incorporated in Delaware in 2006 to
effect a merger, stock exchange, asset acquisition, reorganization or similar
business combination with an operating business or businesses which it
believes has significant growth potential. Freedom consummated its initial
public offering on December 28, 2006.
    
    Forward-looking Statements
    
    This press release contains statements relating to future results of GLG
and Freedom that are "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from those projected as a result of certain risks and uncertainties. These
risks and uncertainties include, but are not limited to: market conditions for
GLG managed investment funds; performance of GLG managed investment funds, the
related performance fees and the associated impacts on revenues, net income,
cash flows and fund inflows/outflows; the cost of retaining GLG's key
investment and other personnel or the loss of such key personnel; risks
associated with the expansion of GLG's business in size and geographically;
operational risk; litigation and regulatory enforcement risks, including the
diversion of management time and attention and the additional costs and
demands on GLG's resources; risks related to the use of leverage, the use of
derivatives, interest rates and currency fluctuations; costs related to the
proposed acquisition; failure to obtain the required approvals of stockholders
of Freedom for the proposed acquisition transaction; risks that the closing of
the transaction is substantially delayed or that the transaction does not
close; the successful combination of Freedom with GLG's business; Freedom's
inability to obtain additional financing to complete the acquisition
transaction; and the limited liquidity and trading of Freedom securities.
Additional information on these and other factors that may cause actual
results and GLG's and Freedom's performance to differ materially is included
in the Freedom's filings with the SEC, including but not limited to Freedom's
Form 10-K for the year ended December 31, 2006, subsequent Forms 10-Q and
preliminary proxy statement with respect to the Special Meeting filed on
September 21, 2007. Copies may be obtained by contacting Freedom or on the SEC
Internet site (www.sec.gov). Freedom and GLG caution readers not to place
undue reliance upon any forward-looking statements, which speak only as of the
date made. These forward-looking statements are made only as of the date
hereof, and Freedom and GLG undertake no obligation to release publicly any
updates or revisions to any forward-looking statements, whether as a result of
changes in expectations, events, conditions or circumstances on which any such
statement is based, new information, future events or otherwise, except as
required by law.
    
    Additional Information and Where to Find It
    
    On September 21, 2007, Freedom filed with the SEC a preliminary proxy
statement in connection with the proposed acquisition of GLG and intends to
mail a definitive proxy statement and other relevant documents to Freedom
stockholders who are stockholders as of the Record Date. Freedom's
stockholders and other interested persons are advised to read Freedom's
preliminary proxy statement, the definitive proxy statement, when it becomes
available, and any other relevant documents filed by Freedom with the SEC in
connection with Freedom's solicitation of proxies for the Special Meeting
because these documents contain or will contain important information about
GLG, Freedom, the proposed acquisition of GLG and the related proposals.
Freedom's stockholders may obtain a copy of the preliminary proxy statement
and definitive proxy statement, when available, without charge, at the SEC's
Internet site (www.sec.gov) or by directing a request to: Freedom Acquisition
Holdings, Inc., 1114 Avenue of the Americas, 41st Floor, New York, New York
10036, telephone (212) 380-2230.
    Freedom and its directors and officers may be deemed participants in the
solicitation of proxies from Freedom's stockholders in favor of the approval
of the acquisition and related proposals. Information about those directors
and officers is included in Freedom's public filings with the SEC. Freedom's
stockholders may obtain additional information about the interests of
Freedom's directors and officers in the acquisition by reading Freedom's
preliminary proxy statement and the definitive proxy statement when each
becomes available.




For further information:

For further information: Investors/analysts: Simon White, Chief
Financial  Officer, +44- 20-7016-7000, simon.white@glgpartners.com, or Michael
Hodes,  Acting Director of Investor Relations, +1-212-224-7223, 
michael.hodes@glgpartners.com, both of GLG; Freedom, in the US: Martin E. 
Franklin, Chairman, +1-914-967-9400, or Freedom, in Europe: Nicolas Berggruen,
 President and CEO, +44-20-7861-0985; Media: Rupert Younger, 
rupert.younger@finsbury.com, or Amanda Lee, amanda.lee@finsbury.com, both  at
+44-20-7251-3801, or Andy Merrill, +1-212- 303-7600, 
andy.merrill@finsbury.com, all of Finsbury

Organization Profile

FREEDOM ACQUISITION HOLDINGS, INC.

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GLG PARTNERS, LP

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