Freedom Acquisition Holdings, Inc. Announces Record Date, Meeting Date and Schedule for Mailing of Definitive Proxy Material

NEW YORK, Oct. 11 /Xinhua-PRNewswire/ -- The Board of Directors of Freedom Acquisition Holdings, Inc. (Amex: FRH) (Amex: FRH.U)(Amex: FRH.WS) ("Freedom") has fixed the close of business on October 12, 2007 as the record date (the "Record Date") for the determination of Freedom stockholders entitled to notice of and to vote at the special meeting of stockholders ("Special Meeting"), and at any adjournment thereof, relating to the proposed acquisition of GLG Partners LP and certain affiliated entities ("GLG") by Freedom and certain of its wholly-owned subsidiaries, and such other proposals as disclosed in the proxy materials relating to the Special Meeting. The Special Meeting is scheduled for 9:00 a.m. on October 31, 2007 at the offices of Greenberg Traurig, LLP, 200 Park Avenue, New York, New York. Definitive proxy material for the Special Meeting will be made available electronically on the Securities and Exchange Commission's Internet site ( on or about October 11, 2007 and mailed to Freedom stockholders shortly thereafter. Stockholders are urged to review such material carefully.

In addition to approval by Freedom stockholders, the acquisition is subject to receipt of certain regulatory approvals and satisfaction of all other closing conditions. The setting of the record date, the meeting date and mailing of definitive proxy material provides no assurance that the acquisition will occur.

A list of stockholders entitled to vote at the Special Meeting will be open to the examination of any stockholder, for any purpose germane to the meeting, during regular business hours for a period of ten calendar days before the Special Meeting at Greenberg Traurig, LLP, 200 Park Avenue, New York, New York 10166, and at the time and place of the Special Meeting during the duration of such meeting.

About GLG

GLG, the largest independent alternative asset manager in Europe and one of the largest in the world, offers its base of long-standing prestigious clients a diverse range of investment products and account management services. GLG's focus is on preserving client's capital and achieving consistent, superior absolute returns with low volatility and low correlations to both the equity and fixed income markets. Since its inception in 1995, GLG has built on the roots of its founders in the private wealth management industry to develop into one of the world's largest and most recognized alternative investment managers, while maintaining its tradition of

client- focused product development and customer service. As of June 30, 2007, GLG had gross assets under management of over $21 billion.

About Freedom

Freedom is a blank check company incorporated in Delaware in 2006 to effect a merger, stock exchange, asset acquisition, reorganization or similar business combination with an operating business or businesses which it believes has significant growth potential. Freedom consummated its initial public offering on December 28, 2006.

Forward-looking Statements

This press release contains statements relating to future results of GLG and Freedom that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: market conditions for GLG managed investment funds; performance of GLG managed investment funds, the related performance fees and the associated impacts on revenues, net income, cash flows and fund inflows/outflows; the cost of retaining GLG's key investment and other personnel or the loss of such key personnel; risks associated with the expansion of GLG's business in size and geographically; operational risk; litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on GLG's resources; risks related to the use of leverage, the use of derivatives, interest rates and currency fluctuations; costs related to the proposed acquisition; failure to obtain the required approvals of stockholders of Freedom for the proposed acquisition transaction; risks that the closing of the transaction is substantially delayed or that the transaction does not close; the successful combination of Freedom with GLG's business; Freedom's inability to obtain additional financing to complete the acquisition transaction; and the limited liquidity and trading of Freedom securities. Additional information on these and other factors that may cause actual results and GLG's and Freedom's performance to differ materially is included in the Freedom's filings with the SEC, including but not limited to Freedom's Form 10-K for the year ended December 31, 2006, subsequent Forms 10-Q and preliminary proxy statement with respect to the Special Meeting filed on September 21, 2007. Copies may be obtained by contacting Freedom or on the SEC Internet site ( Freedom and GLG caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. These forward-looking statements are made only as of the date hereof, and Freedom and GLG undertake no obligation to release publicly any updates or revisions to any forward-looking statements, whether as a result of changes in expectations, events, conditions or circumstances on which any such statement is based, new information, future events or otherwise, except as required by law.

Additional Information and Where to Find It

On September 21, 2007, Freedom filed with the SEC a preliminary proxy statement in connection with the proposed acquisition of GLG and intends to mail a definitive proxy statement and other relevant documents to Freedom stockholders who are stockholders as of the Record Date. Freedom's stockholders and other interested persons are advised to read Freedom's preliminary proxy statement, the definitive proxy statement, when it becomes available, and any other relevant documents filed by Freedom with the SEC in connection with Freedom's solicitation of proxies for the Special Meeting because these documents contain or will contain important information about GLG, Freedom, the proposed acquisition of GLG and the related proposals. Freedom's stockholders may obtain a copy of the preliminary proxy statement and definitive proxy statement, when available, without charge, at the SEC's Internet site ( or by directing a request to: Freedom Acquisition Holdings, Inc., 1114 Avenue of the Americas, 41st Floor, New York, New York 10036, telephone (212) 380-2230.

Freedom and its directors and officers may be deemed participants in the solicitation of proxies from Freedom's stockholders in favor of the approval of the acquisition and related proposals. Information about those directors and officers is included in Freedom's public filings with the SEC. Freedom's stockholders may obtain additional information about the interests of Freedom's directors and officers in the acquisition by reading Freedom's preliminary proxy statement and the definitive proxy statement when each becomes available.

Source: Freedom Acquisition Holdings, Inc.