Greenhill & Co., Inc. Announces Pricing of Its Common Stock Offering

NEW YORK, July 30 /PRNewswire-FirstCall/ -- Greenhill & Co., Inc. (NYSE: GHL),
a leading independent investment banking firm, announced today that it priced
an offering on July 30, 2009 of 3,000,000 shares currently owned by certain
managing directors and senior advisors of Greenhill & Co. at $76.00 per share.
The selling stockholders have granted the underwriters an option to purchase
up to an additional 450,000 shares within a 30-day period to cover additional
sales. The offering is expected to close on August 4, 2009, subject to
customary closing conditions. Goldman, Sachs & Co. is acting as bookrunning
manager for the offering, and William Blair & Company, JMP Securities, Keefe,
Bruyette & Woods and Sandler O'Neill + Partners, L.P. are acting as
co-managers for the offering.

Greenhill & Co. will not receive any proceeds from the sale of the shares
offered and sold by the selling stockholders.

A printed copy of the prospectus supplement relating to the offering may be
obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad St.,
New York, NY 10004 or by calling (866)-471-2526 or by faxing (212) 902-9316 or
by emailing prospectus-ny@ny.email.gs.com. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.

Greenhill & Co., Inc. is a leading independent investment bank that provides
financial advice on significant mergers, acquisitions and restructurings;
assists private funds in raising capital from investors; and manages merchant
banking funds. It acts for clients located throughout the world from its
offices in New York, London, Frankfurt, Toronto, Tokyo, Chicago, Dallas, Los
Angeles, San Francisco, and will shortly open an office in Houston.
Contact:
Richard J. Lieb,
Chief Financial Officer
Greenhill & Co., Inc.
(212) 389-1800

SOURCE Greenhill & Co., Inc.

Richard J. Lieb, Chief Financial Officer, Greenhill & Co., Inc.,
+1-212-389-1800