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CHICAGO — Sept. 12, 2006—Piper Jaffray & Co. is pleased to announce that Scott Hasley has joined the firm as a principal and investment banker in the firm's Industrial Growth Investment Banking Group. Hasley will be located in the firm's Chicago office.

Hasley joins the firm from Brown Gibbons Lang in Chicago, where he was a director in the investment banking group focusing on consumer products, building products, supplies and services, business services and general manufacturing.

“We are excited to have Scott join our Industrial Growth Group,” said Jeff Rosenkranz, head of the Piper Jaffray Industrial Growth and Business Services M&A Group. “Scott has many years of experience advising clients on mergers and acquisitions financing, and we look forward to having his knowledge and capabilities on our team.”

Hasley received a bachelor's degree in finance from Texas Christian University in Fort Worth, Texas.

Piper Jaffray Companies is a leading, international middle-market investment bank and institutional securities firm, serving the needs of middle-market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 23 offices across the United States and an office in London. Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC; )

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Susan Beatty
Media Relations
Piper Jaffray & Co.
Tel: 612 303-5680