SWS Group, Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP

Glancy Binkow & Goldberg LLP is investigating potential claims against the Board of Directors of SWS Group, Inc. (“SWS” or the “Company”) (NYSE:SWS) related to the proposed acquisition of the Company by Hilltop Holdings Inc. (“Hilltop”). The transaction is valued in excess of $260 million, and under the terms of the deal shareholders of the Company will receive $1.94 in cash and .2496 shares of Hilltop common stock for each share of SWS common stock owned.

This investigation concerns whether the Board of Directors of SWS breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.

If you are a shareholder of SWS, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at 310-201-9150 or Toll-Free at 888-773-9224 or by email to shareholders@glancylaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.