Harris & Harris Group Reports Financial Statements as of March 31, 2007

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NEW YORK--(BUSINESS WIRE)--

Harris & Harris Group, Inc., reported today that, as of March 31, 2007, its net asset value and net asset value per share were $112,526,302 and $5.27, respectively.

                     SUMMARY OF FINANCIAL RESULTS
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                     March 31, 2007  December 31, 2006  March 31, 2006
                        (Unaudited)          (Audited)     (Unaudited)

Total Assets          $116,508,703       $118,328,590    $121,339,323
Total Net Income Tax
 Liability            $     56,767       $          0    $  1,354,504
Net Assets            $112,526,302       $113,930,303    $116,333,752
Net Asset Value per
 Share                $       5.27       $       5.42    $       5.60
Shares Outstanding      21,341,029         21,015,017      20,756,345

Harris & Harris Group is a publicly traded venture capital company that makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS). The Company's last 32 initial private equity investments have been in tiny technology-enabled companies. The Company has 21,341,029 shares of common stock outstanding.

Detailed information about Harris & Harris Group and its holdings can be found on its website at www.TinyTechVC.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 Registration Statement on Form N-2 and Annual Report on Form 10-K for the year ended December 31, 2006, 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, Harris & Harris Group, Inc., undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The reference to the website www.TinyTechVC.com has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

Source: Harris & Harris Group, Inc.

Released May 10, 2007