Stone & Youngberg Board of Directors Enters into Agreement with Stifel Financial to be Acquired

July 27, 2011

Letter from Ken Williams, President and CEO of Stone & Youngberg

Dear Friends and Valued Clients:

We are pleased to announce that the board of directors of Stone & Youngberg Holdings LLC has entered into an agreement whereby Stifel Financial, (SF: NYSE) the parent company of Stifel Nicolaus & Company, a full-service investment banking and brokerage company, will acquire 100% of Stone & Youngberg

Read the entire letter.