RS Investments Continues To Add Experienced Professionals

San Francisco, November 19, 2007 - RS Investments announced that two new professionals have joined its Value Team. Joseph Mainelli, an experienced equity research analyst, has joined the Value Team as an analyst, and Scott Hartman has been named the Value Team's client portfolio manager.

"We are continuing to add investment talent to an already strong team at RS," said Terry Otton, chief executive officer, noting that RS has added five new positions to the firm's staff of 33 investment professionals during 2007.

"Over the past year, we have recruited additional, highly experienced analysts to join the RS Value, Growth and Core Equity teams, further deepening our fundamental research expertise in each of our specialties," Otton said. "The additional positions we've recently added to the Value Team will further enhance that group's already deep investment and client communications capabilities."

Mr. Mainelli joined RS as an analyst after serving as an equity analyst focusing on small- and mid-cap value investments at David J. Greene & Company. Prior to that, he was an equity research analyst at the hedge funds of Sagamore Hill Capital and ING Furman Selz Asset Management. He holds a bachelor's degree from Princeton and an MBA from Columbia Business School.

Mr. Hartman, who has 13 years of financial services experience, previously was a Partner at Blum Capital Partners in San Francisco where he managed capital markets activities on behalf of the firm. He also held several senior management positions at other investment firms. Mr. Hartman holds a bachelor's degree from Stanford University and both a JD and an MBA from the University of California.