Rodman & Renshaw Provides Clarification Regarding "Shelf" Registration Statement Filed on October 21, 2009

NEW YORK--(BUSINESS WIRE)--Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM - News) clarified today that the Shelf Registration Statement it filed with the U.S. Securities and Exchange Commission (SEC) yesterday, covering the prospective sale by the Company of up to $75 million of securities, from time to time, and the prospective sale of up to three million shares of common stock by specified selling stockholders, from time to time, does not include any specific information with respect to the price at which any such securities may be sold. The reference to the selling stockholders selling “up to 3 million shares they own at a maximum price of $5.415 a share” in a media story issued earlier today was an erroneous reference to the historical price of the Company’s common stock used only to calculate the registration fee payable to the SEC in compliance with Rule 457(c) under the Securities Act of 1933, and has no direct relationship to the prices at which selling stockholders may sell shares, from time to time, following the Registration Statement being declared effective. Pricing in connection with any sales of securities that may be made pursuant to the Registration Statement, once declared effective, will be set by the Company or the selling stockholders, as the case may be, or negotiated by the Company or the selling stockholders, as the case may be, with underwriters, selling agents, or third party purchasers, if applicable, and, if required, will be included in a prospectus supplement with respect to any such sale.