Cowen Group, Inc. and The Seaport Group Enter into an Exclusive Partnership

Cowen Group, Inc. and The Seaport Group Enter into an Exclusive Partnership

Partnership Includes the Origination and Distribution of Corporate, Convertible and Other Fixed Income Securities

NEW YORK--(BUSINESS WIRE)-- Cowen Group, Inc. ("Cowen") (NAS: COWN) and The Seaport Group ("Seaport") today announced that they have entered into an exclusive partnership for the origination and distribution of corporate, convertible and other fixed income securities. The relationship also includes special situations such as restructurings, reorganizations and bankruptcies. Under the terms of the agreement, Cowen will focus on origination activities for these securities and Seaport will provide distribution services.

"I am delighted to announce this partnership with Seaport," said Jeffrey Solomon, Chief Executive Officer of Cowen and Company, Cowen Group's broker dealer business. "Seaport has built a leading independent fixed income distribution platform covering all areas of the credit spectrum. Increasingly, companies in our sectors have chosen Cowen not only to provide valuable strategic advice, but to bring debt financings to market as well. We believe that Seaport's comprehensive distribution capabilities complement Cowen's outstanding origination and execution abilities within our industry focus areas of Healthcare, Technology, Energy, Transportation, Consumer, Aerospace and Defense/Industrials, Metals and Mining and Chemicals. We worked with Seaport on our last several debt offerings following the expiration of our previous distribution agreement and have found them to be a value-added partner."

Michael Meagher, Co-Founder of The Seaport Group, added "Having executed over $40 billion of average annual credit-related transactions volume in the last three years, Seaport has a deep and varied distribution base. Issuers continue to turn to independent firms like Seaport to help them widen their investor base and today's announcement firmly places Seaport at the forefront of that change. By partnering with Cowen and their impressive client roster, we are taking Seaport Group one step further in providing our buy-side clients with the diverse product offerings that they are now seeking."

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, and sales and trading services through its two business segments: Ramius and its affiliates make up the Company's alternative investment segment, while Cowen and Company and its affiliates make up the Company's broker-dealer segment. Ramius provides alternative asset management solutions to a global client base and manages a significant portion of Cowen's proprietary capital. Cowen and Company and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research and a sales and trading platform for institutional investors. Founded in 1918, the firm is headquartered in New York and has offices located in major financial centers around the world.

About The Seaport Group

Founded in 2001, the Seaport Group has grown to approximately 200 professionals covering over a dozen business and product lines.

Executing over $40 Billion of average annual credit-related transactions volume in the last three years, New York based Seaport Group has emerged as a leader in global credit markets with one of the largest sales and trading platforms of any boutique investment bank. The Seaport Group's unique model provides clients with access to an integrated firm of experienced market specialists helping clients manage risk and create value.

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