NEW YORK, September 28 /PRNewswire/ --

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 US$132,800,000 through
its initial public offering, which consisted of 8,300,000 shares of Class A
common stock priced at US$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
shareholders."

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
www.duffandphelps.com.

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
    +1-212-871-7700                      +1-973-775-8329
    Breanna.DownesIR@duffandphelps.com   Sherri.Saltzman@duffandphelps.com

Web site: http://www.duffandphelps.com