GMP Capital Inc
			Symbol			GMP
			Shares Issued			64,070,884
			Close 2009-11-11			C$ 12.65
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GMP Capital, Richardson create Richardson GMP

2009-11-12 14:42 ET - News Release

Mr. Kevin Sullivan reports

GMP PRIVATE CLIENT L.P. AND RICHARDSON PARTNERS FINANCIAL LIMITED COMPLETE TRANSACTIONS, CREATING RICHARDSON GMP LIMITED

GMP Capital Inc. and James Richardson & Sons Ltd. (JRSL) have successfully completed the transactions which resulted in the combination of their respective wealth management businesses (GMP Private Client LP and Richardson Partners Financial Ltd.) and the creation of Richardson GMP Ltd., as previously announced in Stockwatch on July 23, 2009. Concurrently with this closing, Richardson Financial Group Ltd., a subsidiary of JRSL, and certain Richardson Partners Financial Ltd. (RPFL) investment advisers and members of RPFL's management team, collectively subscribed for $87-million in GMP common shares.

"We are pleased to have completed this important transaction as it reaffirms our reputation as one of Canada's pre-eminent independent financial services firms, and reconfirms our commitment to high-net-worth Canadians and entrepreneurs. Richardson GMP's corporate alignment with GMP will provide its clients with access to the talent, innovation and proven capabilities of GMP and its affiliates. As important, GMP now has access to a much larger wealth management franchise, and the expanded relationships and opportunities that come with increased scale. We look forward to working closely with the Richardson family as our strategic partner in Richardson GMP, and as a significant shareholder and sponsor of GMP," said Kevin Sullivan, chief executive officer of GMP Capital. The combined wealth management firm manages more than $11.5-billion in client assets and has 114 investment advisory teams located in 17 cities across Canada.

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