For further information about GMP Capital Inc., our results for fiscal 2011 and the meaning of certain references, this earnings release should be
read in conjunction with our 2011 Annual Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2011
and our 2011 Annual Information Form, which can be accessed on our website at gmpcapital.com and on sedar.com. Unless otherwise indicated,
all dollar amounts are expressed in Canadian dollars and have been taken from our 2011 Annual Financial Statements prepared in accordance
with International Financial Reporting Standards (“IFRS”).
Toronto, ON. (March 14, 2012) – GMP Capital Inc. (“GMP”) (TSX: GMP) today reported revenue of $72.7 million in
fourth quarter 2011, representing a 53% decrease compared with the same period a year ago primarily due to
weaker performance in our Capital Markets segment amid ongoing challenging market conditions. Net income was
$2.4 million ($0.02 per basic share) in fourth quarter 2011 compared with net income of $46.0 million ($0.55 per basic
share) in fourth quarter 2010, generating an annualized return on common shareholders’ equity (“ROE”)1 of 2.3% in
fourth quarter 2011.