Muriel Siebert & Co., Inc. Extends Program to Sell Stock Donated to American Red Cross for Victims of 2008 Hurricanes at No Charge

Business Wire, Sept 3, 2008

Company Again Expands Siebert Charitable Stock Donation Program As Investors Show Interest In Donating Stock To Help In Gustav Aftermath

NEW YORK -- To help investors who would like to donate stock as a way of contributing to Red Cross relief efforts in areas hit by Hurricane Gustav, and other potential 2008 hurricanes, Muriel Siebert, Chairman and President of Siebert Financial Corp. (NASDAQ:SIEB), parent of the stock brokerage firm, Muriel Siebert & Co., Inc., today announced that the firm will sell stock donated to the Red Cross free of commission charges. The announcement by Siebert represents an extension of the Charitable Stock Donation Program conducted with the American Red Cross and other charities to help victims of previous Florida and Gulf Coast hurricanes as well as the Tsunami in Southeast Asia and East Africa.

"These natural disasters are tragedies whose aftermath we all feel for some time to come," said Muriel Siebert. "We all want to help in some way and the Siebert Charitable Stock Donation Program is a way Siebert can help maximize the value of stock donations and get more help to the disaster victims."

"More people need to become aware of the benefits of donating stock," Ms. Siebert said. She explained that donating stock is often attractive as an alternative to donating cash. In a stock donation, the donor generally deducts the entire sale price of the security on their taxes, whereas, if they liquidate the stock to make a donation, they would have to pay taxes on the capital gains.

"Muriel Siebert has once again joined forces with the American Red Cross to support this urgent disaster relief effort," said Jeff Towers, chief development officer at the American Red Cross. "Their innovative generosity will allow us to bring help and hope to so many suffering in the affected areas."

Muriel Siebert & Co., Inc. has been handling the liquidation of stock donations for no commission for a number of charitable and non-profit organizations for many years. Since 2005, Siebert has handled over $39 million in stock donations for charities without commission charges, including over $13 million donated to the American Red Cross.

Investors who would like to make stock donations to benefit the Hurricane Gustav relief effort can do so through the American Red Cross (visit www.redcross.org) at the links for "Donate Stock", or can have their charities contact Siebert to participate in the program. Investors who wish to donate are not required to have Siebert accounts and can contact Siebert at 800-872-0711 for more information about the Siebert Charitable Stock Donation Program.

Siebert does not provide legal or tax advice. Investors should consult their tax advisors regarding potential tax implications of donations or sales of securities. Siebert and the American Red Cross are not affiliated companies. Siebert is a Member of the NYSE, FINRA and SIPC.