On June 4, 2012, JMP Group Inc. (the "Company") held its annual meeting of stockholders (the "Annual Meeting"). The proxy statement and solicitation pertaining to the Annual Meeting were previously filed with the Securities and Exchange Commission. Shares eligible to vote were 22,837,603 at the record date of April 17, 2012. At the Annual Meeting, the stockholders voted upon (i) the election of nine nominees for the board of directors; (ii) an advisory vote on executive compensation; and (iii) the ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2012.

The stockholders elected all nine directors to serve a one-year term until the next annual meeting of the stockholders; approved executive compensation; and approved the ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered accounting firm for the fiscal year ending December 31, 2012.

The number of votes cast for or against and the number of withheld and total broker non-votes with respect to each matter voted upon, as applicable, are set forth below:

Proposal 1. Election of directors.

     Nominee            For       Against   Withheld    Broker Non-Votes
Joseph A. Jolson     13,055,331      0      1,597,885      4,945,981
Craig R. Johnson     12,807,529      0      1,845,687      4,945,981
Mark L. Lehmann      11,652,939      0      3,000,277      4,945,981
Carter D. Mack       12,807,529      0      1,845,687      4,945,981
Glenn H. Tongue      14,283,718      0       369,498       4,945,981
Kenneth M. Karmin    14,282,465      0       370,751       4,945,981
H. Mark Lunenburg    14,323,813      0       329,403       4,945,981
David M. DiPietro    14,447,627      0       205,589       4,945,981
Jonathan M. Orszag   14,487,722      0       165,494       4,945,981

The following matters were approved by the votes indicated:

Proposal 2. Advisory vote on executive compensation.

For Against Abstain Broker Non-votes 11,481,955 2,898,713 272,548 4,945,981

Proposal 3. Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2011.

For Against Abstain Broker Non-votes 19,595,495 3,502 200 *