JMP Group Announces Results of Self-Tender Offer

SAN FRANCISCO–(BUSINESS WIRE)–JMP Group LLC (NYSE: JMP),
an investment banking and alternative asset management firm, today
announced the final results of its previously announced tender offer to
purchase up to 3,000,000 shares representing limited liability company
interests in JMP Group (the “Shares”) at a purchase price per Share of
$3.95. The tender offer expired at 11:59 p.m. New York City time on June
13, 2019. JMP Group has accepted for purchase 1,816,732 Shares at a
purchase price per Share of $3.95.

JMP Group is purchasing the Shares, which represent approximately 8.6
percent of its outstanding Shares as of June 13, 2019, at a total cost
of $7,176,091.40, excluding the fees and expenses relating to the tender
offer.

The company retained JMP Securities LLC as the dealer manager for the
tender offer and D.F. King & Co., Inc. as the information agent.

Questions regarding the tender offer should be directed to D.F. King &
Co., Inc. by telephone at (800) 622-1569 (toll-free) or by email at jmp@dfking.com.

About JMP Group

JMP Group LLC is a diversified capital markets firm that provides
investment banking, equity research, and sales and trading services to
corporate and institutional clients as well as alternative asset
management products and services to institutional and high-net-worth
investors. JMP Group conducts its investment banking and research, sales
and trading activities through JMP Securities; its hedge fund, venture
capital and private capital activities through Harvest Capital
Strategies and JMP Asset Management; and the management of Harvest
Capital Credit Corporation (NASDAQ: HCAP), a business development
company, through HCAP Advisors. For more information, visit www.jmpg.com.

Contacts

Investor Relations Contact
JMP Group LLC

Andrew Palmer
(415) 835-8978
apalmer@jmpg.com

Media Relations Contacts
Dukas Linden Public Relations, Inc.

Zach Leibowitz
(646) 722-6528
zach@dlpr.com

Alyssa Noud
(646) 722-6525
alyssa@dlpr.com