Gleacher & Company Announces Closing of ClearPoint Sale

  Gleacher & Company Announces Closing of ClearPoint Sale

Business Wire

NEW YORK -- February 25, 2013

Gleacher & Company, Inc. (Nasdaq: GLCH) today announced that it has closed the
sale of substantially all of the assets of its ClearPoint subsidiary to
Homeward Residential, Inc., a wholly owned subsidiary of Ocwen Financial
Corporation (NYSE: OCN) pursuant to an agreement previously announced.

About Gleacher & Company

Gleacher & Company, Inc. (Nasdaq: GLCH) is an independent investment bank that
provides corporate and institutional clients with strategic and financial
advisory services, including merger and acquisition, restructuring,
recapitalization, and strategic alternative analysis, as well as capital
raising, research based investment analysis, and securities brokerage
services. For more information, please visit www.gleacher.com.

Forward Looking Statements

This press release contains “forward-looking statements.” These statements are
not historical facts but instead represent the Company’s belief regarding
future events, many of which, by their nature, are inherently uncertain and
outside of the Company’s control. The Company’s forward-looking statements are
subject to various risks and uncertainties, including the conditions of the
securities markets, generally, and demand for the Company’s services within
those markets and other risks and factors identified from time to time in the
Company’s filings with the Securities and Exchange Commission. It is possible
that the Company’s actual results and financial condition may differ, possibly
materially, from the anticipated results and financial condition indicated in
its forward-looking statements. You are cautioned not to place undue reliance
on any forward-looking statements. The Company does not undertake to update
any of its forward-looking statements.

Contact:

Investors
Gleacher & Company, Inc.
Thomas J. Hughes, 212-273-7100
Chief Executive Officer
or
Media
Rubenstein Associates
Marcia Horowitz, 212-843-8014
 
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