PRESS RELEASE

PRESS RELEASE FOR IMMEDIATE RELEASE

HARRIS & HARRIS GROUP, INC.(R) MARCH 13, 2007
111 WEST 57th STREET, SUITE 1100
NEW YORK, NEW YORK 10019 CONTACT: CHARLES E. HARRIS

NASDAQ/NMS SYMBOL: TINY TEL. NO. (212) 582-0900

HARRIS & HARRS ANNOUNCES NEW BOARD OF DIRECTOR

Harris & Harris Group, Inc., is pleased to announce that
the Company's Board of Directors, upon recommendation by its
Nominating Committee, elected Mr. Richard P. Shanley to serve as
a Director of the Company, effective March 12, 2007, until the
2007 Annual Meeting of Shareholders. In connection with the
election of Mr. Shanley, the Board increased the number of
directors from 11 to 12, with Mr. Shanley filling the vacancy
created thereby. Mr. Shanley was also named to the Audit
Committee, Valuation Committee and Independent Directors'
Committee. There is no arrangement or understanding between Mr.
Shanley and any other person pursuant to which Mr. Shanley was
selected as a director of the Company. Mr. Shanley does not
have any direct or indirect material interest in any existing or
proposed transaction to which the Company is or may become a
party.

From February 2001 to December 31, 2006, Mr. Shanley, age
59, was a partner of Deloitte & Touche LLP. From March 1976 to
January 2001, he was employed by Eisner LLP and was a partner
from 1982 until 2001. During his over 30 years of public
accounting experience, he served as lead audit partner on
numerous audit engagements for both public and private
companies, including those requiring application of Sarbanes-
Oxley Section 404, as well as public stock offerings, primarily
for biotech, pharmaceutical and high-tech companies, including
companies enabled by nanotechnology. He has been actively
involved on the Biotech Council of New Jersey, the New Jersey
Technology Council, the New York Biotechnology Association, the
Connecticut Venture Group, the Biotechnology Industry
Organization and the NanoBusiness Alliance. He is an active
member of the New York State Society of Certified Public
Accountants and the American Institute of Certified Public
Accountants. He is currently serving his third term on the New
York State Society of CPA's Professional Ethics Committee. He
is a licensed Certified Public Accountant in New Jersey and New
York. He was graduated from Fordham University (B.S.) and Long
Island University (M.B.A. in accounting).

Harris & Harris Group is a publicly traded venture capital
company that makes initial investments exclusively in tiny
technology, including nanotechnology, microsystems and
microelectromechanical systems (MEMS). The Company's last 31
initial private equity investments have been in tiny technology-
enabled companies. The Company has 21,341,029 shares of common
stock outstanding.

Detailed information about Harris & Harris Group and its
holdings can be found on its website at www.TinyTechVC.com.

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
Registration Statement on Form N-2 and Annual Report on Form 10-
K for the year ended December 31, 2005, 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. The reference to the website
www.TinyTechVC.com has been provided as a convenience, and the
information contained on such website is not incorporated by
reference into this press release.