Piper Jaffray Response to Media Attention

Piper Jaffray Companies

today stated in response to media attention that, in the ordinary course of business, it routinely evaluates corporate development ideas and opportunities. These include possibilities in the Asia market, such as a joint venture, as the company considers alternatives for improving the performance of its small Hong Kong-based subsidiary. As it considers these Asia alternatives, however, Piper Jaffray intends to remain an independent public company.