Investors in Profitable, Growing Service Businesses

RiskMetrics Group Prices Initial Public Offering

New York, NY (January 24, 2008) � RiskMetrics Group, a leading provider of risk management and corporate governance products and services to participants in the global financial markets, announced today that its initial public offering of 14,000,000 shares of its common stock has been priced at $17.50 per share. RiskMetrics Group shares are expected to begin trading tomorrow, January 25, 2008, on the New York Stock Exchange under the symbol �RMG.�

The company has granted the underwriters in the offering the option to purchase up to an additional 2,100,000 shares of common stock at the initial public offering price.

The offering was made through an underwriting syndicate led by Credit Suisse, Goldman, Sachs & Co. and Banc of America Securities LLC.

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

A registration statement relating to these securities was declared effective as of January 24, 2008 by the Securities and Exchange Commission. An offer will be made only by means of a prospectus included in the registration statement. Copies of the prospectus may be obtained from Credit Suisse Securities (USA) LLC: Prospectus Department at One Madison Avenue, New York, NY 10010, telephone: 800-221-1037; Goldman, Sachs & Co.: Prospectus Department at 85 Broad Street, New York, NY 10004, fax: (212) 902-9316 or e-mail: prospectus-ny@ny.email.gs.com; or Banc of America Securities LLC: Capital Markets (Prospectus Fulfillment) by e-mail to dg.prospectus_distribution@bofasecurities.com or by mail to Banc of America Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd Floor, New York, NY 10001.

About RiskMetrics Group
RiskMetrics Group is a leading provider of risk management and corporate governance products and services to participants in the global financial markets. By bringing transparency, expertise and access to the financial markets, RiskMetrics Group helps investors better understand and manage the risks associated with their financial holdings. Our solutions address a broad spectrum of risk across our clients� financial assets. Headquartered in New York with 19 global offices, RiskMetrics Group serves some of the most prestigious institutions and corporations worldwide.
About Spectrum Equity Investors

Spectrum Equity Investors is a private equity firm focused on investing in profitable, growing services businesses. Founded in 1994 with offices in Menlo Park and Boston, Spectrum manages over $4 billion in capital across five funds. The firm's investment team has deep experience in information services and online media, including investments in Demand Media, Interbank FX, iPay Technologies, NetQuote, Mortgagebot, RiskMetrics Group, Seisint (acquired by Reed Elsevier PLC.) and WorldCheck. For more information, visit http://www.spectrumequity.com/.

RiskMetrics Group Media Contacts:

Cheryl Gustitus
301.556.0538
cheryl.gustitus@riskmetrics.com

Sarah Cohn
212.354.4643
sarah.cohn@riskmetrics.com

© 2007 Spectrum Equity Investors. All rights reserved.