JMP GROUP ANNOUNCES ADDITION OF CARIN FRADIN TO INVESTMENT BANKING DIVISION SAN FRANCISCO, June 18, 2018 — JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Carin Fradin has joined JMP Securities as a managing director in its investment banking division. Based in the firm’s San Francisco office, Ms. Fradin will bolster JMP Securities’ investment banking efforts in the medical device sector. “Carin will be a key contributor to JMP Securities’ healthcare investment banking effort,” said Carter Mack, president of JMP Group. “She arrives with an impressive M&A background, and her knowledge and relationships will add to our already accomplished healthcare franchise. While Carin has played a senior role at a bulge bracket firm, she has also spent time at successful advisory boutiques and brings an entrepreneurial mindset that fits JMP well. Carin’s expertise will complement Dave Turkaly’s equity research coverage of medical devices and supplies, enhancing the capabilities we can offer our corporate clients in the sector.” Prior to joining JMP Securities, Ms. Fradin was a managing director at Four Oaks Partners, a transaction advisory firm serving the life sciences industry, where she focused on the medical device space. She was previously a managing director and senior advisor at boutique investment bank Sagent Advisors. Ms. Fradin also spent 12 years in healthcare investment banking at UBS Investment Bank, most recently as a managing director, concentrating on the medical device and medical technology industries. For approximately half of her tenure at the firm, Ms. Fradin additionally led the U.S. execution of all cross- border medical technology transactions originated in Asia. Ms. Fradin holds a BA in mathematics and psychology from the University of Pennsylvania. 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 and private capital, and credit management activities through Harvest Capital Strategies, JMP Asset Management and JMP Credit Advisors; and the management of Harvest Capital Credit Corporation (NASDAQ: HCAP), a business development company, through HCAP Advisors. For more information, visit www.jmpg.com. Investor Relations Contact Media Relations Contacts JMP Group LLC Dukas Linden Public Relations, Inc. Andrew Palmer Zach Leibowitz (415) 835-8978 (646) 722-6528 [email protected] [email protected] Alyssa Noud (646) 722-6525 [email protected] © 2018 JMP Group LLC .