“BEST Direct™” Offered To Individual Investors in Japan

CHICAGO, March 12, 2003 – Peregrine Financial Group, Inc. (PFG) today announced its first entry into the Asia/Pacific region through a strategic alliance with Himawari Securities and Himawari CX. The affiliation allows U.S. futures products to be offered to individual investors in Japan via PFG’s BEST Direct ™ Online Futures Trading Platform.

The BEST Direct™ trading platform is the first U.S.-based electronic trading platform offered in the Japanese language and distributed through a Japanese securities and
Commodity firms.

Himawari Securities and Himawari CX offer securities and futures products, respectively, to the Japanese retail investment market.

The initial product offering will include:
1. U.S. stock index futures such as the E-Mini S&P, Mini Dow Jones, Nikkei
2. Other financial futures such as US Treasury Government Bonds

Russell Wasendorf, Sr., PFG Chairman and CEO, said, “This alliance with Himawari is a unique affiliation because it brings U.S. products directly to the Japanese investor through a U.S.-based electronic trading platform in their own language. BEST Direct™ has proven to be the most reliable, fastest and most flexible electronic trading platform in the U.S. futures market. We believe that by offering the platform in their respective language, Japanese investors will be able to access U.S. products in the most efficient and effective way.”

Yasua Mogi, Managing Director-Financial Service Div of Himawari Securities, Inc, and International Div of Himawari CX, Inc said, “This is a very exciting opportunity for the individual investor in Japan. Our strategic alliance with PFG will allow us access to the best of the U.S. futures market through the best electronic trading platform.”

Wasendorf continued, “We are proud to be associated with such a highly respected Japanese securities brokerage firm. Himawari has a long history of distributing on and off exchange derivative product including FX and futures investment products in Japan and other countries. This alliance is the first step in our Asia/Pacific strategy to bring products and services directly to the individual investing public. We look forward to developing Japanese and other Asian/Pacific Marketing Activity with Himawari Group in the very near future.”

Peregrine Financial Group, Inc., is a multi-product Futures Commission Merchant dealing in the global derivatives marketplace. Over the years, PFG has earned a reputation as one of the finest providers of quality educational platforms for the individual investor.

Himawari Securities Group offers a broad spectrum of research-backed investment products, from commodity futures and foreign exchange margin trading to securities, with particular strength in derivatives. As wholly owned subsidiaries of Himawari Securities Group, Himawari Securities, Inc offers securities while Himawari CX, Inc, focusing on Commodity futures.