JMP Group Inc. (NYSE: JMP), an investment banking and alternative asset management firm, announced today that it is commencing an underwritten public offering of senior notes due 2023. The company intends to use the net proceeds of the offering for general corporate purposes. UBS Securities LLC, Stifel, Nicolaus & Company, Incorporated and JMP Securities LLC are acting as joint book-running managers, and Sterne, Agee & Leach, Inc., Keefe, Bruyette & Woods, Inc. and MLV & Co. LLC are acting as co-managers of the offering. The underwriters will be granted a 30-day option to purchase additional senior notes to cover over-allotments, if any. This offering is being made only by the prospectus and prospectus supplement related to this offering. The notes will be issued pursuant to an effective shelf registration statement previously filed on Form S-3 with the U.S. Securities and Exchange Commission. The preliminary prospectus supplement, accompanied by the base prospectus related to the offering, has been filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus may also be obtained from UBS Securities LLC, Attn: Prospectus Specialist, 299 Park Avenue, New York, NY 10171 (877-827-6444, ext. 561 3884); Stifel, Nicolaus & Company, Incorporated, Attn: Prospectus Department, One South Street, 15th Floor, Baltimore, MD 21201 (855-300-7136); or JMP Securities LLC, Attn: Prospectus Department, 600 Montgomery Street, 10th Floor, San Francisco, CA 94111 (415-835-8985). This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About JMP Group JMP Group Inc. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients as well as alternative asset management products to institutional and high-net-worth investors. JMP Group operates through three subsidiaries: JMP Securities, Harvest Capital Strategies and JMP Credit Advisors.