KJ Harrison & Partners Inc.

December 21, 2007 11:02 ET

K.J. Harrison & Partners Inc. Pleased with Board Strategy to Enhance Shareholder Value

Re: Marsh & McLennan Companies, Inc.

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2007) - K.J. Harrison & Partners Inc. (KJH), a private client investment management, who recently filed a shareholder resolution with Marsh & McLennan Companies, Inc. seeking the spin-off of its Kroll and Mercer subsidiaries, is pleased with the Board of Directors' actions to address their concerns. KJH has called for the breakup of the Company as necessary to protect the value of the underlying franchises and to maximize shareholder value.

Jim Harrison, CEO of KJH, said, "We are pleased the Board is listening to shareholder calls for significant action and applaud other shareholders for stepping up and making their views known. We are particularly pleased with the statement that they are reviewing their mix of businesses, which suggests serious consideration of our proposal".

Harrison also says, "We continue to believe that the Company needs to spin out Kroll and Mercer, both to enable the employees of each company to directly participate in their respective businesses, and to attack the $200 million of unallocated corporate overhead."

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