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Thomson Reuters Analyst Awards 18 Awards Top Ten For Last 12 Consecutive Years 201211 2012 2013 2014 2015 2016 2017 2018 #3 #2 #7 #1 #1 009 #5 Brad Braunberger #3 #4 #2 #3 (701) 225-9101 (800) 365-9964 25 First Avenue West Figures include Keefe, Bruyette & Woods (KBW),a wholly owned subsidiary of Sofel Financial Corp and other firms acquired by Sfel Sifel/KBW ranked No.3 among 152 qualifying US. firms For more information about the Thomson Reuters Analyst Awards, see www.stifel.com/research. Sufel, Nicolas &Co pay,IncorportedlMemberSIPC&NYSE Senior Vice President Investments Dickinson, North Dakota 58601 w.tfelc