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MINNEAPOLIS, Sept. 13 /PRNewswire-FirstCall/ -- Piper Jaffray Companies is matching employee donations up to an aggregate amount of $100,000 to provide relief for the Hurricane Katrina disaster. Through September 30, 2005, Piper Jaffray will match dollar for dollar all employee contributions between $25 and $1,000 to the American Red Cross Disaster Relief Fund.

"This is an unprecedented natural disaster for our country, and whether we know someone in the area or not, we are grateful to be able to do our part in helping those whose lives are forever changed," said Andrew Duff, chairman and chief executive officer of Piper Jaffray Companies. "Our employees are incredibly generous and we are pleased to be able to support their generosity."

Since the firm's founding in 1895, Piper Jaffray has been committed to building strong communities through both financial and volunteer support. The firm donates five-percent of pre-tax earnings each year to charitable organizations through a combination of cash contributions, in-kind contributions and volunteer hours.

Piper Jaffray Companies (NYSE: PJC) is a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. The company operates through two primary revenue-generating segments: Capital Markets and Private Client Services. Through its chief operating subsidiary, Piper Jaffray & Co., the firm has served corporations, government and non- profit entities, institutional investors and the financial advisory needs of private individuals since 1895. Headquartered in Minneapolis, Piper Jaffray has approximately 3,000 employees in 104 offices in 23 states across the country and in London. For more information about Piper Jaffray, visit us online at http://www.piperjaffray.com .

SOURCE  Piper Jaffray Companies
    -0-                             09/13/2005
    /CONTACT:  Rob Litt, Media Relations, of Piper Jaffray Companies,
+1-612-303-8266/
    /Web site:  http://www.piperjaffray.com /
    (PJC)

CO:  Piper Jaffray Companies
ST:  Minnesota
IN:  FIN
SU:

SH-CM
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1027 09/13/2005 11:31 EDT http://www.prnewswire.com