RYE, New York, October 22, 2012 – (OTC: MGHL) Morgan Group Holding Co. is today announcing that Jonathan P. Evans has been appointed as the Company’s Chief Executive Officer, effective November 1, 2012. In the position he replaces Mario J. Gabelli, who remains non-executive Chairman after more than ten years of service in the role, for which he received no salary or fees. Mr. Evans also has been elected to the Board of Directors.

RYE, New York, August 4, 2011 – Morgan Group Holding Co. (OTC: MGHL) announced today its operating results for the Second Quarter of 2011 (see Exhibit A).

During the second quarter of 2011, our loss was $1,766, or $0.0004 per share, as compared to a loss of $2,249, or $0.0007 per share, in the second quarter of 2010. Lower administrative expenses and higher dividend income and gain from our investment in marketable securities resulted in the lower loss.