JMP JMP Group LLC

JMP Group Inc. (NYSE:JMP), an investment banking and alternative asset management firm, announced today that it has partnered with China Merchants Securities Co., Ltd., one of China�s largest securities brokerage and investment banking firms, through an investment in HuaMei Capital Company, Inc.

Founded in 2005, HuaMei Capital Company provides a range of cross-border merger and acquisition and strategic advisory services. The company is a joint venture of China Merchants Securities; MVC Capital,�Inc., a publicly traded business development company managed by The Tokarz Group Advisers�LLC; and HuaMei Capital founders Adlai E. Stevenson III, former U.S. Senator and Illinois State Representative, and Leo Melamed, former chairman of the Chicago Mercantile Exchange and chairman emeritus of publicly traded CME Group, Inc.

�We are truly excited to partner with China Merchants Securities to expand JMP�s investment banking capabilities in China,� said Carter Mack, co-president and director of investment banking at JMP Group subsidiary JMP Securities. �Through HuaMei, U.S. and Chinese companies seeking to execute cross-border transactions will now be able to access high-quality investment banking services provided by leading strategic advisors on both sides of the Pacific. We believe that our affiliation with China Merchants Securities as well as MVC Capital and its chairman, Michael Tokarz, Senator Stevenson and Mr. Melamed will greatly benefit JMP over time.�

�China Merchants Securities is very pleased to join with JMP Securities to provide our corporate clients with the best possible service and strategic advice regarding cross-border transactions,� said Ray Feng, executive director of China Merchants Securities (HK) Co., Ltd. �JMP Securities has established itself as one of the leading middle-market investment banks in the U.S. and will contribute greatly to HuaMei.�

Carter Mack and Ray Feng have been named co-chief executive officers of HuaMei. JMP Group has appointed its chairman and chief executive officer, Joseph Jolson, to serve on HuaMei�s board of directors.

About China Merchants Securities

China Merchant Securities Co., Ltd., established in 1991, is a part of China Merchants Group and ranks among the largest Chinese securities firms with regard to operating revenue, net income and assets under management. China Merchants Securities was among the first corporate members of the Shenzhen Stock Exchange and is one of seventeen Chinese securities firms classified as �innovative� by the China Securities Regulatory Commission. For more information, visit news.newone.com.cn/eng/index.html.

About JMP Group

JMP Group Inc. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. JMP Group operates through two subsidiaries, JMP Securities and Harvest Capital Strategies. For more information, visit www.jmpg.com.

� 2009 JMP Group Inc.

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