TAYLOR CAPITAL GROUP, INC. NOTICE OF REDEMPTION OF FIXED RATE CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES B CUSIP NO.: 876851809

November 1, 2013

NOTICE IS HEREBY GIVEN that, pursuant to Section 5 of Exhibit A to the Fourth Amended and Restated Certificate of Incorporation of Taylor Capital Group, Inc. (the "Company") relating to the Company's Fixed Rate Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred"), the Company has called for redemption, and will redeem, on December 2, 2013 (the "Redemption Date"),

47,650 of the outstanding shares of the Series B Preferred (the "Redeemed Shares"). For record holders
of the Series B Preferred, the Redeemed Shares will be selected for redemption on a pro rata basis. Redeemed Shares registered in book-entry form ("Book-Entry Shares") through the facilities of The Depository Trust Company ("DTC") and held of record by Cede & Co., DTC's nominee, will be selected for redemption in accordance with DTC's established procedures.
On or prior to the Redemption Date, the Company will deposit, or cause to be deposited, with the redemption and payment agent, Computershare Trust Company, N.A. (the "Redemption Agent"), out of funds legally available therefor, $47,650,000.00 plus a sum equal to all accrued but unpaid dividends (regardless of whether such dividends have actually been declared) to, but excluding, the Redemption Date in redemption of the Redeemed Shares for the pro rata benefit of the record holders of the Redeemed Shares; and on the Redemption Date, the Redemption Agent will pay to the holders of record of the Redeemed Shares, in exchange for each Redeemed Share, $1,000.00, representing the liquidation amount of each such Redeemed Share, plus a sum equal to all accrued and unpaid dividends thereon (regardless of whether such dividends have actually been declared) to, but excluding, the Redemption Date (the "Redemption Price"). DTC will distribute payment received for Book-Entry Shares to DTC participants for ultimate distribution to the beneficial owners of such shares.
Certificates representing the Redeemed Shares, accompanied by proper instruments of assignment and transfer if payment is to be made other than to the registered holder(s), shall be surrendered for redemption at any of the following places:

By Mail By Overnight Courier

Computershare Computershare
Attn: Corporate Actions Attn: Corporate Actions
P.O. Box 43014 250 Royall Street
Providence, RI 02940 Canton, MA 02021
Delivery of the foregoing documents to any other address shall not constitute valid delivery.
On and after the Redemption Date, dividends shall cease to accrue on all Redeemed Shares, the Redeemed Shares shall no longer be deemed outstanding and all rights with respect to the Redeemed Shares shall cease and terminate, except only the right of the holders thereof to receive the Redemption Price from the Redemption Agent without interest.
Any funds unclaimed at the end of three years from the Redemption Date shall, to the extent permitted by law, be released to the Company, after which time the holders of Redeemed Shares shall look only to the Company for payment of the Redemption Price.
Questions regarding this Notice of Redemption may be directed to the Redemption Agent at 1-855-396-
2084.

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