Alan Greenspan to Join Paulson & Co. Inc. Advisory Board

NEW YORK, Jan. 15 /PRNewswire/ -- Paulson & Co. (Bloomberg: 573991Z US)
Inc., a New York-based investment management firm, today announced its
retention of Dr. Alan Greenspan, former chairman of the Federal Reserve Board,
as a member of its advisory board. Dr. Greenspan will provide ongoing advice
to Paulson's investment management team by sharing his perspective on issues
affecting the financial markets. This will be an exclusive arrangement,
insofar as Dr. Greenspan will not enter into a similar consulting arrangement
with any other hedge fund while he is working with Paulson & Co. Inc.
Mr. John Paulson, president of the firm, said: "Few people, if any, in the
world have the breadth of experience with, and depth of understanding of,
global financial markets as Dr. Greenspan. Anticipating the direction of the
economy, and assessing the potential for and severity of a U.S. recession, are
fundamental in formulating current investment strategy. Dr. Greenspan's
position as Chairman of the Federal Reserve Board for 18 years, through
multiple market cycles, gives him a unique perspective from which to help our
investment management team make critical decisions."
Dr. Alan Greenspan said: "Paulson & Co. Inc. is one of the world's leading
hedge funds. I look forward to adding my perspectives on the global economy
to that of Mr. Paulson and his team."
Financial terms were not disclosed.
About Dr. Alan Greenspan
Dr. Greenspan served as Chairman of the U.S. Federal Reserve Board for 18
years, from 1987 until 2006 over four presidential administrations -- those of
President Ronald Reagan, President George H.W. Bush, President William Clinton
and President George W. Bush. From 1974 to 1977, he served as Chairman of the
Council of Economic Advisors under President Gerald Ford. He has served on
the boards of J.P. Morgan, Alcoa, Mobil Corp., General Foods and other major
corporations. He is currently President of Greenspan Associates LLC and
recently authored the number one New York Times bestselling book, The Age of
Turbulence. He earned his BA summa cum laude, MA and PhD in economics from
New York University.
About Paulson & Co. Inc.
Paulson & Co., Inc. is a New York-based investment management firm with
$28 billion in assets across merger, event-driven, distressed and credit-
focused strategies. Prior to founding the firm in 1994, John Paulson was a
General Partner of Gruss Partners and a Managing Director in Mergers &
Acquisitions at Bear Stearns. He received his Masters of Business
Administration degree, as a Baker Scholar, from Harvard Business School in
1980 and graduated summa cum laude from New York University in 1978.
SOURCE Paulson & Co. Inc.

Armel Leslie of Walek & Associates, for Paulson & Co. Inc., +1-212-590-0530;
Robert Barnett of Williams & Connolly LLP, for Greenspan Associates,
+1-202-434-5034