Bear Stearns Introduces ``BearCast(TM)'' Podcasting Technology, Offers Investors Research on the Go

NEW YORK--(BUSINESS WIRE)--April 27, 2006--Bear, Stearns & Co. Inc. today introduced BearCast(TM), a mobile platform that uses podcasting technology to deliver Bear Stearns content on-demand to clients. BearCast(TM) captures Bear Stearns conference calls, proprietary research and special events in downloadable audio files for busy investors to listen to anywhere.

"BearCast(TM) is content in motion, putting Bear Stearns research right in your pocket, available whenever you want it," said Kay Booth, senior managing director and Director of Global Equity Research. "Clients have been seeking new ways to access information from Bear Stearns; this new service gives them added flexibility in how they get our full range of unique, grass-roots research. It marries our firm's research content with the vast array of portable devices now available."

Dan Spina, senior managing director and head of Fixed Income Research, said, "Bear Stearns is committed to giving our clients unique insight on the markets in a timely and effective way. BearCast(TM) will enable investors to get industry knowledge on the fly, whenever they have time to get up to speed."

Bear Stearns' Equities and Fixed Income departments provide highly ranked research on public companies, the mortgage and asset-backed industries, as well as the credit sectors.

Through BearCast(TM), clients will have convenient access to Bear Stearns' many premier industry conferences, daily conference calls with analysts and other exclusive BearCast(TM) content. Audio files on the BearCast(TM) site will often be accompanied by slides and other printed research. The files can be downloaded directly from the company's website, BearStearns.com, to a computer or portable MP3 player such as an iPod(R). Clients also have the option of subscribing to audio updates.

BearCast(TM) is the latest innovation in a long line of Bear Stearns products focused on helping clients make investment decisions. BondStudio(R) is an online portfolio-engineering tool with access to Bear Stearns' proprietary fixed income analytical models, enabling investors to perform optimization and risk management analyses. BearXplorer(TM) is a premium suite of analytic tools designed to help investors anticipate how macroeconomic variables could affect an equity portfolio.

About Bear Stearns

Founded in 1923, Bear, Stearns & Co. Inc. is a leading investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC). With approximately $57.6 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, securities research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending, clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City, the company has approximately 12,000 employees worldwide. For additional information about Bear Stearns, please visit the firm's website at www.bearstearns.com.