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HFF, Inc. Declares Special Cash Dividend For Shareholders Of Record As Of January 27, 2014 And Also Announces 2014 Omnibus Awards To Reward Extraordinary Performance

HFF, Inc. (NYSE: HF or the Company) announced today that its Board of Directors has declared a special cash dividend of $1.83 per Common Share, payable February 6, 2014 to shareholders of record on January 27, 2014. The aggregate dividend payment will total approximately $68.2 million based on the number of shares of Class A Common Stock currently outstanding. This follows a special cash dividend of $1.52 per share, or approximately $56.3 million, which was announced on November 30, 2012 and paid in December 2012. When paid in February 2014, the combined special cash dividends paid by the Company since December 2012 will total approximately $124.5 million.

The Company also announced that it expects to make an award of approximately 750,000 shares of Class A Common Stock, subject to approval from its Board of Directors, with five year vesting schedules, to reward select individuals of the Operating Partnerships who played key roles in the Company’s extraordinary operating and financial results in recent years.

Business Comments

“We are pleased to announce our Board of Directors has declared its second special cash dividend in the amount of $1.83 per Class A Common Share. As previously noted, since December 2012 we have had continuing dialogue with our Board as it relates to a prudent operating cash reserve given our very strong balance sheet and substantial cash position which have both continued to strengthen as a result of our strategic growth initiatives and our disciplined approach to managing our business which have likewise resulted in our exceptionally strong operating and financial results,” said John H. Pelusi, Jr., the Company’s chief executive officer.

“As repeatedly communicated to our shareholders and the market, we believe in three guiding principles relative to our balance sheet, our cash position and returning capital to our shareholders. We believe in maintaining a strong balance sheet and cash position to 1) first and foremost, ensure that we are able to fully fund our operations to meet the capital market and real estate needs of our clients by providing “best in class” superior service and “value-add” capital market solutions for them as they navigate the constantly changing inefficient capital markets; 2) survive downturns in the industry such as the downturn during 2008 and 2009, which we survived without issuing dilutive stock and/or restructuring debt as many companies were forced to do, and 3) strategically and prudently invest in order to grow our business to take advantage of all opportunities, regardless of market conditions, to best position the Company to better serve its clients and gain market share, just as we have continuously demonstrated since January 2010. As evidenced by the Company’s ability to continue to (a) strategically invest and grow its business; (b) achieve superior operating and financial results, and (c) prudently return approximately $124.5 million of capital to its shareholders through these two special dividends since December 2012, we have clearly demonstrated our commitment to returning capital to shareholders based on these three guiding principles,” said Mr. Pelusi.

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