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2006 Scientific American 50 Awards

Harris & Harris Group, Inc., shareholders may be interested to read the "Scientific American 50" awards sections of the December 2006, issue of Scientific American. Among the references to nanotechnology in the section, Angela Belcher of M.I.T. is named "Research Leader of the Year" in an article on page 50. Professor Belcher is, as is mentioned in the article, co-founder of Cambrios Technologies Corp., a privately held company in which Harris & Harris Group has an investment.

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 30 initial private equity investments have been in tiny technology-enabled companies. The Company has 20,756,345 common shares outstanding.

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 year ended December 31, 2005, and the Company's report on Form 10-Q for the quarter ended September 30, 2006, 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 has been provided as a convenience, and the information contained on such website is not incorporated by reference into this news release.

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