(May 16, 2006, New York City, NY) – Reed Smith LLP, an international top 25 law firm, today announced that Aron Izower has joined the firm as a partner in its Corporate & Securities Group. He is resident in the firm’s New York office.

Mr. Izower comes to Reed Smith from the New York office of White & Case LLP, where he worked in the capital markets arena, specializing in securities transactions.

“Aron is a valuable asset as we continue to build the critical New York part of our firmwide corporate practice,” said David Grimes, the firm’s New York Managing Partner. “His broad experience representing issuance of equity, convertible and debt securities is complemented by his expertise in Rule 144A offerings and corporate restructuring. This background will permit him to play an important role in handling sophisticated transactional and securities matters that we are developing in this market. Aron’s strong entrepreneurial skills and close relationships with clients in diverse economic sectors make him an excellent fit with our strategic plan to significantly expand this office and our securities practice.”

Mr. Izower has represented issuers, underwriters and purchasers in securities matters and corporate finance transactions, concentrating in high-yield debt offerings. His recent practice activities have included U.S. offerings under Rule 144A, U.S. registered public offerings of debt and equity securities, private equity sales, fund formation, mezzanine financing, exchange offers, consent solicitations, issuances in connection with corporate reorganizations and restructurings, and the preparation of SEC reporting documents.

“Reed Smith is a law firm that is quickly moving ahead in the business and regulatory arena,” said Mr. Izower. “I am excited by an opportunity to expand my corporate and securities practice at a firm that clearly knows how to foster and support such growth.”

Mr. Izower earned his B.S. from Cornell University in 1993 and his J.D. degree cum laude from the University of Pennsylvania, School of Law in 1997, where he was Senior Editor of the Law Review and was elected to the Order of the Coif.

About Reed Smith

Reed Smith LLP is a top-25 international law firm with 1,000 lawyers located in 18 cities worldwide (14 in the U.S. and four in Europe). The firm represents clients ranging from Fortune 100 companies to mid-market and emerging companies. Clients include financial services firms, life sciences companies, health care providers, technology companies and entrepreneurs, power generators and suppliers, manufacturers, real estate companies, universities, and non-profit organizations throughout the world. For more information, visit www.reedsmith.com.