2008 News Releases

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Date	Title
11/13/08	Trey Whipple Joins FBR Capital Markets' Convertible Securities Team
11/07/08	Friedman, Billings, Ramsey Group Receives Listing Standards Notice from the NYSE
10/28/08	FBR Capital Markets Makes Senior Hires in Investment Banking Group
10/23/08	Friedman, Billings, Ramsey Group Reports Third Quarter Financial Results
10/22/08	FBR Capital Markets Reports Third Quarter Results
10/13/08	FBR Group to Report Third Quarter 2008 Results
10/09/08	FBR Group, Inc. Resolves Status of Agency Mortgage Security
10/08/08	FBR Capital Markets to Report Third Quarter 2008 Results
10/03/08	FBR Group, Inc. Seeks Return of Agency Mortgage Security
10/01/08	FBR Capital Markets Partners with Youth, I.N.C. for 3rd Annual Trading Day for Kids
09/11/08	FBR Capital Markets Bolsters Technology, Media & Telecom Platform with Senior Hires
09/03/08	FBR Capital Markets Commences Trading of Convertible Securities
08/07/08	FBR Capital Markets Expands Institutional Brokerage
08/05/08	Three Senior Bankers Join FBR Capital Markets' Investment Banking Team
07/23/08	FBR Group Reports Second Quarter Earnings
07/23/08	FBR Capital Markets Reports Second Quarter Results
07/10/08	FBR Group to Report Second Quarter 2008 Results
07/10/08	Industry Veteran Daniel W. Blood Joins FBR Capital Markets
07/09/08	FBR Capital Markets to Report Second Quarter 2008 Results
06/30/08	FBR Capital Markets Launches Convertible Securities Unit
06/27/08	FBR Capital Markets Hires Equity Analysts
06/25/08	FBR Capital Markets Institutional Brokerage Recognized as Industry Leader
06/04/08	FBR Capital Markets Names John B. Maier II Group Head of Financial Sponsors
06/03/08	FBR Capital Markets Initiates Trading on Euronext and the London Stock Exchange
05/28/08	FBR Capital Markets Names James Neuhauser Head of Investment Banking
05/27/08	FBR Capital Markets Research Analysts Win Top Awards
04/24/08	FBR Capital Markets Senior Energy Analyst Testifies Before U.S. House of Representatives
04/24/08	FBR Group Reports First Quarter Earnings
04/23/08	FBR Capital Markets Reports First Quarter Results
04/10/08	FBR Group to Report First Quarter 2008 Results
04/09/08	FBR Capital Markets to Report First Quarter 2008 Results
04/08/08	FBR Capital Markets to Host 12th Annual Spring Investor Conference in New York on May 28th and 29th
04/03/08	FBR Capital Markets Senior Energy Analyst Testifies Before U.S. Senate
04/03/08	FBR Capital Markets Acts as Lead Placement Agent in $1.35 Billion Private Placement for Thornburg Mortgage
03/20/08	FBR Capital Markets Acquires East Peak Advisors, LLC
03/04/08	FBR Capital Markets Hires Chief Financial Officer
02/21/08	FBR Group Reports Fourth Quarter and Full Year 2007 Financial Results
02/20/08	FBR Capital Markets Reports Fourth Quarter and Full Year 2007 Financial Results
02/08/08	FBR to Report Fourth Quarter and Full Year 2007 Results
02/07/08	FBR Capital Markets to Report Fourth Quarter and Full Year 2007 Results
01/18/08	First NLC Files for Chapter 11
01/11/08	First NLC to Liquidate
01/08/08	FBR Capital Markets Names Group Head of Financial Sponsors in Investment Banking