Shareholders of Harris & Harris Group, Inc. may be interested to know that Senova Systems, Inc. announced the successful completion of a $6.7 million Series B financing.  Phoenix Venture Partners led the investment, with participation from Harris & Harris Group as well as existing investors.  The proceeds will be used to complete product commercialization of its Smart Probe sensor technology and to expand on-going strategic development partnerships.  Harris & Harris Group participated in the Series B financing with an investment of $692,308, which was reported in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2011. The press release can be accessed at .

Harris & Harris Group is an early-stage, active investor in transformative nanotechnology companies. Detailed information about Harris & Harris Group and its holdings can be found on its website at .

This news release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this news release. Please see the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010, as well as subsequent filings, filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company's business, including but not limited to the risks and uncertainties associated with venture capital investing and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The references to the websites www.HHVC.com and www.pehub.com have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this news release. Harris & Harris Group is not responsible for the contents of third party websites.

CONTACT:
DOUGLAS W. JAMISON
TEL. NO. (212) 582-0900

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