| PRESS RELEASE | FOR IMMEDIATE RELEASE |
| HARRIS & HARRIS GROUP, INC. ® | MARCH 15, 2013 |
| 1450 BROADWAY – 24TH FLOOR | |
| NEW YORK, NEW YORK 10018 | CONTACT: DOUGLAS W. JAMISON |
| TEL. NO. (212) 582-0900 |
HARRIS & HARRIS GROUP REPORTS FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2012 AND POSTS ANNUAL LETTER TO SHAREHOLDERS ON WEBSITE
Harris & Harris Group, Inc. (Nasdaq: TINY), reported today that, as of December 31, 2012, its net asset value and net asset value per share were $128,436,774 and $4.13, respectively. The Company's Annual Report on Form 10-K may be accessed at http://ir.hhvc.com/sec.cfm.
SUMMARY OF FINANCIAL POSITION
| December 31, 2012 | December 31, 2011 | September 30, 2012 | ||||||||||
| (Audited) | (Audited) | (Unaudited) | ||||||||||
| Total Assets | $ | 131,990,250 | $ | 150,343,653 | $ | 153,696,713 | ||||||
| Net Assets | $ | 128,436,774 | $ | 145,698,407 | $ | 148,160,377 | ||||||
| Net Asset Value per Share | $ | 4.13 | $ | 4.70 | $ | 4.78 | ||||||
| Shares Outstanding | 31,116,881 | 31,000,601 | 31,000,601 | |||||||||
Shareholders also may be interested to read our Annual Letter to Shareholders posted on our website at http://www.hhvc.com/letters.cfm.
Harris & Harris Group is an early-stage, active investor in transformative nanotechnology companies. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com.
This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Please see the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012, as well as subsequent filings, filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company's business, including but not limited to the risks and uncertainties associated with venture capital investing and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The reference to the website www.HHVC.com has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.