Lew Sanders, CEO of Alliance Capital, to Present at Merrill Lynch Investor Conference NEW YORK, Nov. 18 /PRNewswire-FirstCall/ -- Lewis A. Sanders, Vice Chairman and Chief Executive Officer of Alliance Capital Management L.P. ("Alliance Capital"), will deliver a presentation at the 2003 Merrill Lynch Banking and Financial Services Investor Conference on Wednesday, November 19, 2003. Mr. Sanders will be speaking at 2:40 P.M. (ET). There will be a live audio webcast of Mr. Sanders's presentation that can be accessed by visiting the Alliance Capital website at http://www.alliancecapital.com/, and linking to Investor Relations where Mr. Sanders's presentation will be posted. We advise that you go to the website at least 15 minutes prior to the audio webcast to download and install any necessary audio software. An audio replay of the webcast and the presentation will be available on Alliance Capital's Investor Relations website through November 26, 2003. About Alliance Capital Alliance Capital is a leading global investment management firm providing investment management services for many of the largest U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies and high-net-worth individuals worldwide. Alliance Capital is also one of the largest mutual fund sponsors, with a diverse family of globally distributed mutual fund portfolios. Through its Sanford C. Bernstein & Co., LLC subsidiary, Alliance provides in-depth research, portfolio strategy and trade execution to the institutional investment community. At September 30, 2003, Alliance Holding owned approximately 30.9% of the Alliance Capital Units. AXA Financial was the beneficial owner of approximately 55.1% of the outstanding Alliance Capital Units at September 30, 2003 (including those held indirectly through its ownership of 1.9% of the outstanding Alliance Holding Units), which, including the general partnership interests in Alliance Capital and Alliance Holding, represent an approximate 55.6% economic interest in Alliance Capital. AXA Financial, Inc. is a wholly owned subsidiary of AXA, one of the largest global financial services organizations. Additional information may be found at http://www.alliancecapital.com/. DATASOURCE: Alliance Capital CONTACT: Valerie Haertel, Investor Relations, +1-212-969-6414, , John Meyers, Media, +1-212-969-2301, Web site: http://www.alliancecapital.com/

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