May 9, 2008 - GMP Capital Trust Announces Executive Management Transition

Toronto, ON. (May 9, 2008) – GMP Capital Trust (the Fund) (TSX: GMP.UN) today announced that Thomas A. Budd, President and Vice Chairman, Head of Investment Banking and one of the co-founders of GMP Securities, will be retiring effective June 13, 2008. Mr. Budd has entered into a consultancy service agreement and will continue to support GMP Securities in an advisory capacity until at least mid 2009 to ensure a smooth transition and to continue to promote the interest of GMP.


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