RMG Notes:

EPS Release 10/30/08

• Revenue $75.6m up 21.5% including acquisitions of Institutional Shareholder Services (ISS) and Center for Financial Research & Analysis (CFRA)

• Adjusted EPS $0.16 up from $0.09 in Q3

• Cash balance $151.7m from $108.2m last quarter

• Risk revenues $40.8m – up 31.9% y/y – sales to asset managers and hedge fund customers

• ISS Revenues $34.7mil up 11.3% - sequentially down $0.6m due to decline of non-recurring revenue

• Total expenses up 15.6% (50.5mil) – pro-forma up 12.9%

• Renewal rates 88% for first 9 months versus 90.5% last year but recurring revenue is 93% of total revenue versus 92.5% last year

• Cash flow tends to be lower beginning of year due to bonuses and commissions being paid

• Given current market conditions, renewal rates to be below prior guidance of 89-91% - now 88-89%

• Expect 2009 revenue between 325-340 mil (much lower growth rate than in past)

• Goodwill makes up 54% of assets

• Total debt $289 mil even after IPO

CSFB Report 10/31/08

• CSFB Raising 2008 estimates by $0.01 and 2009 ests by 0.07 to 0.49