PRESS RELEASE

PRESS RELEASE FOR IMMEDIATE RELEASE

HARRIS & HARRIS GROUP, INC. CONTACT: CHARLES E. HARRIS
111 WEST 57th STREET
NEW YORK, NY 10019 TEL. NO. (212) 582-0900


HARRIS & HARRIS GROUP, INC. ANNOUNCES FOLLOW-ON PUBLIC OFFERING
OF 3,000,000 SHARES OFCOMMON STOCK AT $11.25 PER SHARE

New York, NY, June 30, 2004 - Harris & Harris Group, Inc.
(NASDAQ: TINY) today announced that it has priced a follow-on
public offering of 3,000,000 shares of its common stock at a
price of $11.25 per share for estimated net proceeds of
approximately $31.7 million. The underwriters have a 30-day
option to purchase up to 450,000 additional shares of its common
stock from the company solely to cover over-allotments, if any.
All of the shares of common stock are being offered by Harris &
Harris Group pursuant to an effective shelf registration
statement filed with the Securities and Exchange Commission.
This offering is expected to close on July 7, 2004. ThinkEquity
Partners LLC is acting as the lead manager for the offering.
Punk, Ziegel & Company, L.P. is acting as a co-manager for the
offering.

Harris & Harris Group intends to use the net proceeds of the
offering to make new investments in tiny technology, including
nanotechnology, microsystems and microelectromechanical systems
(MEMS) as well as follow-on investments in its existing venture
capital investments, and for working capital.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the securities, nor shall
there be any sale of the securities in any state in which such
offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any
such state. A prospectus supplement relating to these securities
has been filed with the Securities and Exchange Commission. This
offering of the shares of common stock may be made only by means
of the prospectus supplement and related prospectus, copies of
which may be obtained from ThinkEquity Partners LLC, 28 West 44th
Street, New York, NY 10036; Tel: (212) 869-7766, or Punk, Ziegel
& Company, L.P., 520 Madison Avenue, New York, NY 10022; Tel:
(212) 308-9494. For electronic copies please submit a request
to os@i-deal.com.

About Harris & Harris Group (www.TinyTechVC.com)
Harris & Harris Group is a publicly traded venture capital
company that now makes initial investments exclusively in tiny
technology. The Company's last 16 initial private equity
investments have been in tiny-technology enabled companies. The
Company had 13,798,845 common shares outstanding prior to this
offering.


This press 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 press release. Please see the Company's
Annual Report on Form 10-K and recent Prospectus 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, Harris & Harris Group, Inc. undertakes no obligation to
update or revise these forward-looking statements to reflect new
events or uncertainties.