AllianceBernstein
2
Second Quarter 2008 Review
Proprietary - For AllianceBernstein L.P. use only
Certain statements provided by management in this presentation are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual
results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors
include, but are not limited to, the following: the performance of financial markets, the investment performance of sponsored investment
products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions, and government
regulations, including changes in tax regulations and rates and the manner in which the earnings of publicly traded partnerships are taxed. We
caution readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements
are made; we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such
statements. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see
“Risk Factors” in Part I, Item 1A of our 2007 Form 10-K and Part II, Item 1A of our 1Q08 Form 10-Q. Any or all of the forward-looking statements
that we make in this presentation, Form 10-K, Form 10-Q, other documents we file with or furnish to the SEC, or any other public statements we
issue, may turn out to be wrong. It is important to remember that other factors besides those listed in “Risk Factors” and those listed above and
below could also adversely affect our revenues, financial condition, results of operations, and business prospects.
The forward-looking statements referred to in the preceding paragraph include statements regarding:
• Our backlog of new institutional mandates not yet funded: Before they are funded, institutional mandates do not represent legally
binding commitments to fund and, accordingly, the possibility exists that not all mandates will be funded in the amounts and at the times
we currently anticipate.
• Lower compensation expense in future periods resulting from a decline in the value of investments related to employee
deferred compensation plans: The actual performance of the capital markets and other factors beyond our control will affect the value
of these investments.
• Turbulent market conditions establishing the basis for strong relative and absolute performance in future periods: The actual
performance of the capital markets and other factors beyond our control will affect our investment success for clients and asset flows.
Cautions regarding Forward-Looking Statements
