Greenhill & Co. Reports Second Quarter Earnings Per Share of $0.20; Dividend Increased to $0.12 Per Share

New York, NY, July 21, 2005 – Greenhill & Co., Inc. (NYSE: GHL) today reported revenues of $29.5 million and net income of $6.3 million for the quarter ended June 30, 2005. Diluted earnings per share were $0.20 per share for the quarter ended June 30, 2005. The Firm also announced that the Board of Directors increased the quarterly dividend to $0.12 per share.