July 23, 2009 - GMP Private Client and Richardson Partners Financial to Join Forces

Toronto, Ontario (July 23, 2009) – GMP Capital Inc. (TSX: GMP) (“GMP”) and Richardson Partners Financial Limited (“RPFL”), a private wealth management firm controlled by Richardson Financial Group (“RFG”), a subsidiary of James Richardson & Sons, Limited, today jointly announced they have entered into a definitive agreement in respect of transactions that will result in the combination of their respective wealth management businesses (GMP Private Client L.P. and RPFL). This exciting new wealth management enterprise will operate under the name Richardson GMP Limited (“Richardson GMP”) and bring together some of Canada’s finest investment professionals to provide a comprehensive wealth management and investment services offering to their clients. Concurrently, James Richardson & Sons, Limited will subscribe for approximately $86 million worth of common shares of GMP that, together with the common shares of GMP to be issued in connection with the creation of Richardson GMP, are expected to represent in aggregate approximately 12.0% of GMP’s outstanding common shares, on a fully diluted basis.



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