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STIFEL Thomson Reuters Analyst Awards | 18 Awards Top Ten For Last 12 Consecutive Years 2015 #7 2018 #3 2017 #1 2016 #1 2014 #2 2012 2013 #2 #4 2011 #3 2010 #3 2009 #5 Figures include Keefe, Bruyete & Woods (KBW), a wholy owned subsidiary of Sylel Financial Corp, and other firms acquired by Stfel 50fel/KEW ronked No.3 omong 152 qualiying US. fims. For more information about the Thomson Reuters Analyst Awards, see www.sofel.com/research. Stifel, Nicolsus & Company, Incorporated Member SIPC & NYSE www.stifel.com (701) 225-9101| (800) 365-9964 Brad Braunberger Senior Vice President/Investments 25 First Avenue West | Dickinson, North Dakota 58601 STIFEL Thomson Reuters Analyst Awards | 18 Awards Top Ten For Last 12 Consecutive Years 2015 #7 2018 #3 2017 #1 2016 #1 2014 #2 2012 2013 #2 #4 2011 #3 2010 #3 2009 #5 Figures include Keefe, Bruyete & Woods (KBW), a wholy owned subsidiary of Sylel Financial Corp, and other firms acquired by Stfel 50fel/KEW ronked No.3 omong 152 qualiying US. fims. For more information about the Thomson Reuters Analyst Awards, see www.sofel.com/research. Stifel, Nicolsus & Company, Incorporated Member SIPC & NYSE www.stifel.com (701) 225-9101| (800) 365-9964 Brad Braunberger Senior Vice President/Investments 25 First Avenue West | Dickinson, North Dakota 58601