Freedom Acquisition Holdings, Inc. Announces Expected Transfer of Listing to NYSE Under the Symbol GLG

Freedom Acquisition Holdings, Inc. Announces Expected Transfer of Listing to NYSE Under the Symbol GLG

October 24, 2007

    NEW YORK, Oct. 24 /Xinhua-PRNewswire/ -- Freedom
Acquisition Holdings, Inc. (Amex: FRH) (Amex: FRH.U)(Amex:
FRH.WS) ("Freedom") today announced that it has
been approved to submit an application to list its common
stock, warrants and units, and expects to begin trading, on
the New York Stock Exchange on or about November 5, 2007,
under the symbols GLG, GLG WS and GLG.U, respectively.  The
company's common stock, warrants and units are expected to
continue trading on the American Stock Exchange  under the
symbols FRH, FRH.WS and FRH.U, respectively, through
November 2, 2007.  The expected transfer of Freedom's
listing and change in symbol are in connection with the
proposed acquisition of GLG Partners LP and certain
affiliated entities by Freedom and certain of its
wholly-owned subsidiaries, which is subject to certain
conditions to completion, including the approval of
Freedom's stockholders at a special meeting to be held on
October 31, 2007, receipt of financing for the acquisition
transaction and all other conditions to closing.  In
connection with the acquisition transaction, Freedom will
change its name to GLG Partners, Inc.

    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 definitive proxy
statement with respect to the Special Meeting filed on
October 11, 2007. Copies may be obtained by contacting
Freedom or on the SEC Internet site (www.sec.gov). 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

    Freedom Acquisition Holdings, Inc.
("Freedom") has mailed a definitive proxy
statement in connection with the proposed acquisition of
GLG Partners LP and its affiliated entities (collectively,
"GLG") to Freedom stockholders.  The definitive
proxy statement was filed with the U.S. Securities and
Exchange Commission (the "SEC") on October 11,
2007. Stockholders of Freedom and other interested persons
are advised to read the definitive proxy statement and any
other relevant documents in connection with Freedom's
solicitation of proxies for the special meeting to be held
to approve the proposed acquisition because these documents
contain important information about GLG, Freedom and the
proposed acquisition.  Stockholders may obtain a copy of
the definitive proxy statement, without charge, at the
SEC's internet site at http://www.sec.gov or by directing a
request to: Freedom Acquisition Holdings, Inc., 1114 Avenue
of the Americas, 41st floor, New York, New York 10036,
telephone [phone].

    Freedom and its directors and officers may be deemed
participants in the solicitation of proxies from Freedom's
stockholders. a list of the names of those directors and
officers and descriptions of their interests in Freedom is
contained in the definitive proxy statement.  Freedom's
stockholders may obtain additional information about the
interests of its directors and officers in the proposed
acquisition by reading the definitive proxy statement.


    For more information, please contact:

    GLG
     Simon White
     Chief Financial Officer
     Tel:   [phone]
     Email: [e-mail]

    GLG
     Michael Hodes
     Acting Director of Investor Relations
     Tel:   [phone]
     Email: [e-mail]

    Freedom Acquisition Holdings, Inc. in the US
     Martin E. Franklin
     Chairman
     Tel:   [phone]

    Freedom Acquisition Holdings, Inc. in Europe
     Nicolas Berggruen
     President and CEO
     Tel:   [phone]

    Finsbury
     Rupert Younger
     Email: [e-mail]

    Finsbury
     Amanda Lee
     Tel:   [phone]
     Email: [e-mail]

    Finsbury
     Andy Merrill
     Tel:   [phone]
     Email: [e-mail]