GHL Acquistion Corp. Announces the Sale of Units in a Public Offering


NEW YORK, February 15, 2008 -- GHL Acquisition Corp. (AMEX: GHQ.U) announced today the pricing of units consisting of shares of common stock and warrants for an aggregate purchase price of $400 million, and that its units are expected to commence trading on the American Stock Exchange today. The offering of the units is expected to close on February 21, 2008. GHL Acquisition Corp. is a newly formed blank-check corporation sponsored by Greenhill & Co., Inc. (NYSE: GHL) which will own approximately 17.5% of GHL Acquisition Corp. following the completion of the offering.

The offering was underwritten by Banc of America Securities LLC which acted as the sole manager.

The offering was made by means of a prospectus, a copy of which, when available, can be obtained from Banc of America Securities LLC, Capital Markets (Prospectus Fulfillment), by e-mail to or by mail to Banc of America Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd Floor, New York, New York 10001.

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 jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.