July 7, 2008 - GMP Capital Trust Appoints New President

Toronto, ON. (July 7, 2008) – GMP Capital Trust (GMP) (TSX: GMP.UN) today announced the appointment of Harris A. Fricker as the next President of GMP Securities L.P. to succeed Thomas A. Budd who retired June 30, 2008. Mr. Fricker will also continue in his existing roles as Vice Chairman and Head of Investment Banking, GMP Securities and co-chairman of GMP Europe.



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