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August 6, 2009 - GMP Capital Inc. Announces Q2/09 Results

Toronto, ON. (August 6, 2009) – GMP Capital Inc. (“GMP”) (TSX: GMP) reported revenue of $100.8 million in second quarter ended June 30, 2009, an increase of 13% compared with second quarter 2008 due primarily to higher investment banking revenue and gains recorded in principal activities. Income before income taxes was $26.4 million compared with $16.8 million during the same period a year ago, an increase of 57%. Net income was $8.1 million ($0.12 per basic share) compared with $15.7 million ($0.25 per basic unit) reported during the same period a year ago. Second quarter 2009 included adjustments to the provision for income taxes to reflect the impact of the completion of the conversion from an income trust back to a corporation (the “Conversion”) during this period, which in aggregate reduced net income by $8.9 million and earnings per basic share by $0.15.

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