Duff & Phelps Commences Trading Today on New York Stock Exchange

    NEW YORK, Sept. 28 /CNW/ -- Duff & Phelps Corporation (NYSE:   DUF), a
leading independent financial advisory and investment banking firm, today
announced the commencement of trading of its Class A common stock on the New
York Stock Exchange under the ticker symbol "DUF."  The company raised
approximately $132,800,000 through its initial public offering, which
consisted of 8,300,000 shares of Class A common stock priced at $16 per share.
    Noah Gottdiener, Chairman and Chief Executive Officer, said, "We are
delighted to celebrate this milestone in the continued evolution of Duff &
Phelps, as we embark upon the next phase of our development.  Our commitment
to creating value for our new shareholders is rooted in our corporate mission:
protecting, recovering and maximizing value for our clients.  Our key
strengths -- independence in offering unbiased advice on highly technical
value assessment issues, a strong brand name and global scale -- position us
for unique growth opportunities going forward.  At the same time, we believe
that our broad and well-balanced service offerings, as well as our diversified
client base, provide us with stability across economic cycles."
    Gerry Creagh, President, said, "The success of our franchise is due to
the quality of our professionals and the strength of our relationships with
our global client base.  We look forward to deploying the capital we have
raised towards building the future of our company.  As we move forward to
realize our potential, we extend our thanks and appreciation to our employees
and clients across the globe, as well as a warm welcome to our new
    Recently, Duff & Phelps disclosed the formation of a strategic alliance
with Shinsei Bank that the company expects will facilitate the expansion of
its business throughout Japan and Asia.  As part of this alliance, Shinsei
Bank has acquired an approximately 10% minority equity stake in Duff & Phelps.
    The listing requirements of the New York Stock Exchange require that Duff
& Phelps Corporation disclose that additional information is available upon
which the New York Stock Exchange relied to list the company, and is included
in Duff & Phelps Corporation's listing application.  Such information is
available to the public upon request.
    About Duff & Phelps
    Duff and Phelps Corporation (NYSE:   DUF) is a leading provider of
independent financial advisory and investment banking services, supporting
client needs principally in the areas of valuation, transactions, financial
restructurings and disputes.  Founded in 1932, the company's mission is to
protect, recover and maximize value for its clients, by providing independent
and unbiased advice on issues related to highly technical and complex
assessments of value.  Services include financial reporting valuation, tax
services, real estate and fixed asset services, M&A advisory, corporate
finance consulting, fairness and solvency opinions, restructuring advisory,
and dispute and legal management consulting.  Investment banking services are
provided by Duff & Phelps Securities, LLC.  For more information, visit
    Forward-Looking and Cautionary Statements
    This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with respect to our
future performance, operating results, strategy, and other future events. Such
statements generally include words such as could, can, anticipate, believe,
expect, seek, pursue, and similar words and terms, in connection with any
discussion of future results. Forward-looking statements involve a number of
assumptions, risks, and uncertainties, any of which may cause actual results
to differ materially from the anticipated, estimated or projected results
referenced in forward-looking statements. In particular, the forward-looking
statements of Duff & Phelps Corporation and its subsidiaries are subject to
the following risks and uncertainties: changes in political, economic, or
industry conditions; the impact of legislative and regulatory actions,
including without limitation, actions by the Securities and Exchange
Commission; and terrorist activities and international hostilities, which may
affect the general economy. We assume no obligation to update or supplement
our forward-looking statements.

    Investor Relations                    Media Relations
    Breanna Downes                        Sherri Saltzman
    (212) 871-7700                        (973) 775-8329
    Breanna.DownesIR@duffandphelps.com    Sherri.Saltzman@duffandphelps.com

For further information:

For further information: Investor Relations: Breanna Downes, 
+1-212-871-7700, Breanna.DownesIR@duffandphelps.com; or Media Relations: 
Sherri Saltzman, +1-973-775-8329, Sherri.Saltzman@duffandphelps.com, both of 
Duff & Phelps Corporation Web Site: http://www.duffandphelps.com

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