SWS Group, Inc. Board Declares Cash Dividend of 9 Cents per Share
Payable October 1, 2009

             DALLAS, August 20, 2009 — The Board of Directors of SWS Group, Inc. (NYSE: SWS) declared a quarterly cash dividend of 9 cents per share at its meeting Thursday, August 20, 2009. 

             The dividend will be payable on October 1, 2009 to common shareholders of record as of September 15, 2009. 

             SWS Group, Inc. has paid a cash dividend every quarter since becoming a public company.  The cash dividend declared Thursday will be the company’s 72nd consecutive quarterly dividend.

             SWS Group, Inc. is a Dallas-based financial services company offering a broad range of services through its subsidiaries – Southwest Securities, Inc., Southwest Securities, FSB and SWS Financial Services, Inc.  The company’s common stock is listed and traded on the New York Stock Exchange under the symbol SWS. 

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CONTACT:  Jim Bowman, Vice President - Corporate Communications, (214) 859-9335