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

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

October 11, 2007

    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 (www.sec.gov) 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 (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

    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
(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 (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.


    For more information, please contact:

    Investors/analysts: 
    
    GLG 

     Simon White, Chief Financial Officer
     Phone: [phone]
     Email: [e-mail]

     Michael Hodes, Acting Director of Investor Relations
     Phone: [phone]
     Email: [e-mail]

    Freedom, in the US: 

     Martin E. Franklin, Chairman
     Phone: [phone]

    Freedom, in Europe: 

     Nicolas Berggruen, President and CEO
     Phone: [phone]

    Media:

    Finsbury

     Rupert Younger
     Phone: [phone]
     Email: [e-mail]

     Amanda Lee
     Phone: [phone]
     Email: [e-mail]

     Andy Merrill
     Phone: [phone]
     Email: [e-mail]