Item 2.05 Costs Associated With Exit or Disposal Activities

On January 30, 2013, Knight Capital Group, Inc. ("Knight" or the "Company") completed a corporate restructuring designed to lower operating expenses and improve financial performance. As part of the restructuring, the Company will reduce its worldwide workforce by approximately 5%. The restructuring was undertaken in an effort to combine the Company's voice and electronic sales teams and as a result of the winding-down of the Company's correspondent clearing initiative. Employees directly affected by the workforce reduction have received notification and will be provided with severance payments and specified benefits.

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In connection with Knight's restructuring, Knight expects that it will incur during the first quarter of 2013 a total estimated pre-tax charge between $9 and $11 million (across all its reporting segments), broken down as follows:

• Employee severance and other employee benefit costs between $8 and $10 million;

• Capitalized software write-down of approximately $1 million.

Of the above amount, it is expected that cash expenditures will be between $4 and $5 million. Although Knight believes that these estimates are appropriate and reasonable based on available information, actual results could differ from these estimates.

The Company expects that there will be additional costs related to the winding-down of its correspondent clearing initiative but such costs cannot be determined at this time.

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