Aug. 12, 2009– Keefe, Bruyette & Woods, Inc., a full service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), announced upcoming changes to the KBW Bank Index (Index Symbol: BKX, ETF Symbol: KBE), KBW Capital Markets Index (Index Symbol: KSX, ETF Symbol: KCE), and KBW Insurance Index (Index Symbol: KIX, ETF Symbol: KIE).

Effective prior to the opening of business on Monday, August 17, 2009, the following companies will undergo share increases to account for the issuance of new shares.

BKX/KBE

KIX/KIE
The Hartford Financial Services Group, Inc. – HIG

KSX/KCE
Legg Mason, Inc. – LM

The KBW family of indices and exchange traded funds include: KBW Bank Index (Index Symbol: BKXSM, ETF Symbol: KBESM); KBW Capital Markets Index (Index Symbol: KSX, ETF Symbol: KCE); KBW Insurance Index (Index Symbol: KIX, ETF Symbol: KIE); KBW Regional Banking Index (Index Symbol: KRX, ETF Symbol: KRE); and KBW Mortgage Finance Index (Index Symbol: MFX, ETF Symbol: KME).

About KBW

KBW, Inc. is the parent of Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and KBW Asset Management. Keefe, Bruyette & Woods, Inc. is a full-service investment bank specializing in the financial services industry. Founded in 1962, it is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. The firm has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions, as well as sales and trading for financial services companies.

Source: Keefe, Bruyette & Woods, Inc.

Press:
Intermarket Communications
Neil Shapiro, 212-754-5423
Jenna Agins, 212-754-5613

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KBE, KCE, KIE