Duff & Phelps Prices Initial Public Offering At $16 Per Share

    NEW YORK, Sept. 27 /CNW/ -- Duff & Phelps Corporation (NYSE:   DUF), a
leading independent financial advisory and investment banking firm, today
announced that it has priced its initial public offering of 8,300,000 shares
of Class A common stock at $16 per share.
    The Class A common stock is expected to begin trading tomorrow, September
28, 2007, on the New York Stock Exchange under the symbol "DUF." Duff & Phelps
Corporation has granted the underwriters a 30-day option to purchase up to
1,245,000 additional shares of Class A common stock at the public offering
price less underwriting discounts to cover over-allotments.
    Goldman, Sachs & Co. and UBS Investment Bank are acting as joint
bookrunning managers for the offering, and Lehman Brothers, William Blair &
Co., Keefe, Bruyette & Woods and Fox-Pitt Kelton Cochran Caronia Waller are
acting as Co-Managers.
    This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
such state.
    The initial public offering is being made solely by means of a prospectus
which may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, NY
10004, fax at 212-902-9316 or via e-mail at prospectus-ny@ny.email.gs.com or
UBS Investment Bank, 299 Park Avenue, New York, NY 10171, telephone: 212-821-
    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.
    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

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