GMP strengthens its Investment Advisor desktop solution

Toronto, Ontario (July 31, 2008) – GMP Private Client L.P., a subsidiary of GMP Capital Trust (TSX: GMP.UN), announced today that it has enlisted the services of Toogood Financial Systems to provide an enterprise-wide software solution.  Toogood will be providing to GMP Private Client a robust and leading class financial system for portfolio management, performance measurement, modeling, trade order management, and client reporting.

“We’re extremely excited to have chosen Toogood’s enterprise software solution.  The Toogood application is a feature-rich portfolio management application that will address our requirements for today and beyond,” stated James Werry, Chief Executive Officer, GMP Private Client. “The Toogood portfolio management system further enhances the efficiencies and workflow for GMP, while also contributing to an already powerful desktop solution for our Investment Advisors.”

“We are pleased to have been selected by GMP for our financial systems solutions,” commented Raymond Oh, President, Toogood Financial Systems Inc. “The implementation was extremely smooth and successful allowing both teams to deliver a solution within a very tight timeline.  The dedication and commitment by both parties is a true reflection of both firms’ approach to providing superior services and fostering a strong relationship.”

ABOUT GMP PRIVATE CLIENT
GMP Private Client L.P., a subsidiary of GMP Capital Trust (TSX: GMP.UN), is a full-service investment firm that serves the needs of affluent Canadian investors. GMP Private Client’s mission is to be the premiere investment firm in Canada by bringing together the top performing investment advisors in the country. With one of the most advanced technology platforms in the industry, combined with access to GMP Securities’ expertise in institutional sales and trading, international research, economics and corporate finance, GMP Private Client is well positioned to deliver superior investment management, experienced advisors, independent advice and unparalleled client service. GMP Private Client L.P. can be found on the web at www.gmpprivateclient.com.

ABOUT GMP CAPITAL TRUST
GMP Capital Trust carries on business through the following principal entities: GMP Securities L.P., Griffiths McBurney Corp., GMP Securities Europe LLP, GMP Private Client L.P., EdgeStone Capital Partners, L.P. and GMP Investment Management L.P. GMP Securities L.P. is a leading independent Canadian investment dealer focused on investment banking and institutional equities for corporate clients and institutional investors. GMP Securities L.P. can be found on the web at gmpsecurities.com. Griffiths McBurney Corp. services institutional clients in the United States while GMP Securities Europe LLP provides investment banking and institutional equity services to clients located in Europe. GMP Private Client L.P. is a full-service investment firm focused on high-net-worth private investors that provides wealth preservation, income and growth strategies delivered by seasoned investment advisors. GMP Private Client L.P. can be found on the web at gmpprivateclient.com. EdgeStone Capital Partners, L.P. is one of Canada’s leading private equity firms, providing capital, strategic direction and business and financial advice to help promising mid-market and early stage companies achieve their full potential. EdgeStone Capital Partners, L.P. can be found on the web at edgestone.com. GMP Investment Management L.P. provides investment management services to both high-net-worth individuals and institutional investors. Through its recently launched GMP Diversified Alpha Fund, GMP Investment Management L.P will seek to generate long-term risk-adjusted investment returns through the execution of diversified investment strategies. GMP Capital Trust is listed on the Toronto Stock Exchange under the symbol GMP.UN. The Fund’s website is located at gmpcapitaltrust.com. The Fund has offices in Toronto, Calgary, Montreal, Vancouver, Geneva, Switzerland and London, England.

For further information please contact:

GMP Private Client
Michael Ricafort
Director, Marketing & Planning
GMP Private Client L.P.
145 King Street West, Suite 300
Toronto, Ontario, M5H 1J8
Tel: (416) 943-6685
michael.ricafort@gmppc.com