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KBW, Inc. Declares Special Dividend of $2.00 per Share of Common Stock



  KBW, Inc. Declares Special Dividend of $2.00 per Share of Common Stock

Business Wire

NEW YORK -- November 29, 2012

KBW, Inc. (NYSE: KBW), a full-service investment bank that specializes in the
financial services sector, today announced that its Board of Directors had
declared a special dividend of two dollars ($2.00) per share on the company’s
common stock. The dividend is payable on December 17, 2012 to shareholders of
record at the close of business on December 10, 2012.

On November 5, 2012, KBW announced that it had entered into a merger agreement
with Stifel Financial Corp. The merger agreement provides that the cash
portion of the merger consideration will be reduced to reflect the payment of
the special dividend.

About KBW

KBW, Inc., headquartered in New York, operates in the U.S. and Europe through
its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc., and Keefe,
Bruyette & Woods Limited. Celebrating its 50th anniversary, KBW has
established itself as a leading independent authority in the banking,
insurance, brokerage, asset management, mortgage banking, real estate and
specialty finance sectors. Founded in 1962, the firm maintains
industry-leading positions in the areas of research, corporate finance,
mergers and acquisitions as well as sales and trading in equities and debt
securities of financial services companies.

Cautionary Note Regarding Forward-Looking Statements

Statements in this press release that are not statements of historical or
current fact constitute forward-looking statements. In some cases, you can
identify these statements by words such as “may,” “might,” “will,” “should,”
“expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,”
“potential,” or “continue,” the negative of these terms and other comparable
terminology. Such forward-looking statements, which are based on various
underlying assumptions and expectations and are subject to risks,
uncertainties and other unknown factors, may include projections of our future
financial performance based on our growth strategies and anticipated trends in
our business. These statements are only predictions based on our current
expectations and projections about future events, and there are or may be
important factors that could cause our actual results to be materially
different from the historical results or from any future results expressed or
implied by such forward-looking statements. These factors include, but are not
limited to, those discussed under the caption “Risk Factors” in our most
recently filed annual report on Form 10-K, which is available at the
Securities and Exchange Commission website at www.sec.gov. Unless required by
law, we undertake no obligation to publicly update or revise any
forward-looking statement to reflect circumstances or events after the date of
this press release.

Contact:

Investors:
KBW Investor Relations
Alan Oshiki, 866-529-2339
or
Media:
Intermarket Communications
Neil Shapiro, 212-754-5423
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