March 18, 2011 - GMP Notice of Sedar Re-Filing

Toronto, ON. (March 18, 2011) – GMP Capital Inc. (“GMP”) (TSX: GMP and GMP.PR.B) announced that it has re-filed its audited financial statements and accompanying management’s discussion and analysis for the year ended December 31, 2010 to correct a calculation error relating to earnings per common share for 2009.

The correction relates to amounts recorded in connection with the redemption of GMP’s Series A preferred shares in December 2009. The amounts were charged to retained earnings, as required, but were not deducted in computing net income available to common shareholders. The earnings per common share (“EPS”) for 2009 has accordingly been revised from $0.64 per basic EPS and $0.59 per diluted EPS, as originally reported, to $0.52 per basic EPS and $0.48 per diluted EPS. The correction and re-filing has no effect on EPS for 2010 and does not otherwise affect GMP’s financial statements for the years ended 2010 and 2009.

ABOUT GMP

GMP Capital Inc. carries on business through the following principal entities: GMP Securities L.P., Griffiths McBurney Corp., GMP Securities Europe LLP, EdgeStone Capital Partners, L.P. and GMP Investment Management L.P. GMP Capital Inc. also has a non-controlling ownership interest in Richardson GMP Limited. The GMP Capital Inc. website is located at gmpcapital.com. GMP Capital Inc. has offices in Toronto, Calgary, Montreal and London, England. GMP Securities L.P. is a leading independent Canadian investment dealer focused on investment banking and institutional equities for corporate clients and institutional investors. GMP Securities L.P. can be found on the web at gmpsecurities.com. Griffiths McBurney Corp. services institutional clients in the United States while GMP Securities Europe LLP provides investment banking and institutional equity services to clients located in Europe. EdgeStone Capital Partners, L.P. is a Canadian private equity manager, focused on middle market buy-out and other private equity activities. EdgeStone Capital Partners, L.P. can be found on the web at edgestone.com. GMP Investment Management L.P., through its private funds, seeks to generate superior risk-adjusted investment returns over the long term by executing selected investment strategies. GMP Investment Management L.P.’s offerings are aimed at both high net-worth individuals and institutional investors. GMP Investment Management L.P. can be found on the web at gmpim.com. Richardson GMP Limited is a full-service investment firm, combining tradition and innovation to offer Canadian families and entrepreneurs access to innovative wealth management and investment services delivered by an experienced team of independent investment professionals. Richardson GMP Limited can be found on the web at richardsongmp.com.

For further information please contact:

GMP Capital Inc.

Rocco Colella, Director, Investor Relations

145 King Street West, Suite 300

Toronto, Ontario M5H 1J8

Tel: (416) 941-0894; Fax: (416) 943-6175

rcolella@gmpcapital.com or investorrelations@gmpcapital.com


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