Gleacher & Company Announces Election of Five Directors

  Gleacher & Company Announces Election of Five Directors

Business Wire

NEW YORK -- May 23, 2013

Gleacher & Company, Inc. (Nasdaq: GLCH) today announced that five individuals,
Messrs. Mark R. Patterson, Christopher R. Pechock, Jaime Lifton, Keith B. Hall
and Marshall Cohen, were nominated for election to the Board of Directors of
the Company (the “Board”) at the Company’s 2013 annual meeting of stockholders
(the “Annual Meeting”) held this morning, and each was elected for a term of
one year. These five directors constitute the entire Board. The Company
expects to announce additional preliminary results of the Annual Meeting
within four business days.

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 actions may differ, possibly materially, from the
anticipated actions 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:

Investor:
Gleacher & Company, Inc.
Investor Relations
212-273-7100
or
Media
Rubenstein Associates
Marcia Horowitz, 212-843-8014