Ernst & Young Fiscal Year 2007 Global Revenues Rise 15% to US$21.1 Billion

Ernst & Young today announces that worldwide combined revenues
increased to US$21.1 billion for the fiscal year ending 30 June 2007.
This represents a year-on-year revenue increase of US$2.7 billion and
a growth rate of 15% (11% in local currency terms).

"Our strong performance over the last fiscal year reflects the
success of our long-established strategy to develop a truly global
approach to our business," said James S. Turley, Ernst & Young´s
Chairman and CEO. "Several years ago, we committed ourselves to a
structure for the global organization which has brought together all
of our 130,000 people, across 140 countries, through seven tightly
integrated Area practices."

"Our global integration efforts recognize the profound changes
occurring in the broader business environment, including rapid
globalization, and the rise of the emerging markets. In this context,
we are better able to deliver against our clients´ ever-higher
expectations of seamless, consistent, high-quality client service
wherever they operate around the world," added Mr. Turley.

"Having already brought together groupings of country practices
within our Area structure, we are better able to meet market demands
more quickly and effectively, while respecting the legal and
regulatory requirements in each country," commented Ernst & Young
Global Chief Operating Officer, John Ferraro. "In addition, we can
more easily invest across the globe in quality and services, and
deploy people with the right skills to serve our clients."

The strength of the global platform has enabled double digit
performance across each of Ernst & Young´s global service lines of
Assurance and Advisory Business Services (AABS), Tax, and Transaction
Advisory Services (TAS), as well as each of the seven geographic Area
practices.

TAS led the service line growth, achieving a 29% revenue increase,
reflecting Ernst & Young´s involvement in some of the largest deals
over the period, including significant activity in the emerging
markets, and the exceptional demand from Private Equity clients. Tax
revenue improved by 18%, owing to strong demand for these services,
particularly in the Far East and Americas. The continued steady demand
for assurance and risk-based services, together with the growing call
for business advisory services, enabled AABS revenue to grow by more
than 16%.

In the seven Areas, US dollar growth has been as follows: 10% in
the Americas; 22% in Northern Europe, Middle East, India and Africa;
16% in Central Europe; 17% in Continental Western Europe; 27% in the
Far East; 16% in Oceania, and 21% in Japan. Notably, in places where
strategic investments have been made - such as China, India and Russia
- growth in excess of 30% has been achieved.

"The great strides we have made towards the global alignment of
our business will be supplemented with further significant investment
in markets of strategic importance in the years ahead. We believe this
focus, combined with the diversity of our people, the power of our
values-based culture and our unwavering commitment to quality, gives
us real competitive advantage in the global marketplace," concluded
Mr. Turley.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction
and advisory services. Worldwide, our 130,000 people are united by our
shared values, and an unwavering commitment to quality.

For more information, please visit www.ey.com

Ernst & Young refers to the global organization of member firms of
Ernst & Young Global Limited, each of which is a separate legal
entity. Ernst & Young Global Limited, a UK company limited by
guarantee, does not provide services to clients.

This press release has been issued by EYGM Limited, a member of
the global Ernst & Young organization, that also does not provide any
services to clients.

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James Turley - Steve Howe - Area Pierre Hurstel - Global
Chairman and Managing Partner, Managing Partner, People
Chief Executive Americas
Officer +44 20 7980 0405
+1 212 773 3258
+1 212 773 4300 ----------------------- --------------------------
Mark Otty - Area Sue Frieden - Global
John Ferraro - Managing Partner, Managing Partner,
Global Chief Northern Europe, Quality and Risk
Operating Officer Middle East, India Management
and Africa
+44 20 7980 0044 +44 20 7980 0778
+44 20 7951 4966
----------------------- --------------------------
Christoph Gross - Herman Hulst - Global
Area Managing Managing Partner,
Partner, Central Client Service and
Europe Accounts

+49 6196 996 26250 +44 20 7980 0017
----------------------- --------------------------
Patrick Gounelle - Jeff Dworken - Global
Area Managing Managing Partner,
Partner, Continental Operations and Finance
Western Europe

+33 1 46 936622 +1 212 773 6914
----------------------- --------------------------
David Sun and Jim John Murphy - Global
Hassett - Co-Area Vice Chair, Assurance
Managing Partners, and Advisory Business
Far East Services

+852 2846 9668 +44 20 7980 0255

+852 2629 3088
----------------------- --------------------------
James Millar- Area Sam Fouad - Global Vice
Managing Partner, Chair, Tax
Oceania
+44 20 7980 0800
+612 9248 4333
----------------------- --------------------------
Toshio Mizushima- Dave Read - Global Vice
Area Managing Chair, Transaction
Partner, Japan Advisory Services

+81 3 3503 1122 +44 20 7980 0550
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2007 Ernst & Young Revenue Data Tables

Revenue Fiscal Year Fiscal % change % change
In Millions of US 2007 Year in US $ in local
Dollars 2006 currency

-------------------------------------------
AABS US$ 14,530 12,555 16% 12%
TAX 5,566 4,710 18% 14%
TAS 2,463 1,909 29% 24%
Elimination (a) (1,455) (815)
----------------------------------------
TOTAL REVENUE US$ 21,104 18,359 15% 11%
===========================================

(a) For management reporting purposes certain revenues are included in
multiple Service Lines and have been eliminated in presenting total
revenue.

Personnel by Service At 30 At 30 % change
Line June 07 June 06
---------------------------------
AABS 69,521 63,475 10%
TAX 22,071 19,921 11%
TAS 5,692 4,762 20%
Practice Support and
Administration 27,051 26,121 4%
---------------------------------
TOTAL PERSONNEL 124,335 114,279 9%
=================================

Partners and Principals
(included in the above) 7,604 7,217 5%
=========================================================

By EY Areas
------------------------
Revenue Fiscal Fiscal % change % change
In Millions of US Year Year in US $ in local
Dollars 2007 2006 currency

-------------------------------------------
Americas US$ 9,019 8,214 10% 10%
Northern Europe, Middle
East, India, Africa 4,080 3,354 22% 14%
Central Europe 3,297 2,850 16% 9%
Continental Western
Europe 2,255 1,929 17% 9%
Far East 1,010 796 27% 23%
Oceania 718 617 16% 11%
Japan 725 599 21% 26%(b)
-------------------------------------------
TOTAL REVENUE US$ 21,104 18,359 15% 11%
===========================================

(b) Reflects changes in fiscal year end and certain other changes
related to Japan´s adoption of EY´s global financial information
system.

Personnel At 30 At 30 % change
June 07 June 06
---------------------------------
Americas 40,635 38,591 5%
Northern Europe, Middle
East, India, Africa 25,581 22,792 12%
Central Europe 17,882 16,565 8%
Continental Western
Europe 13,254 12,738 4%
Far East 17,780 15,648 14%
Oceania 4,723 4,410 7%
Japan 4,480 3,535 27%
---------------------------------
TOTAL PERSONNEL 124,335 114,279 9%
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