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Impac Mortgage Holdings, Inc. Invites You to Join Its Webcast At the Jolson Merchant Partners Research Conference

NEWPORT BEACH, Calif., May 30, 2002 /PRNewswire-FirstCall via COMTEX/ -- Impac Mortgage Holdings, Inc. (Amex: IMH) announced today that it will be presenting at the first annual Jolson Merchant Partners Research conference. You are invited to listen to management's presentation that will be webcast live by Mr. Joseph Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. The webcast information is as follows:

    What:      Impac Mortgage Holdings, Inc.
               Presents at the Jolson Merchant Partners Research Conference

    When:      Tuesday, June 4, 2002, 9:45 a.m. (PDT), 12:45 p.m. (EDT)

    Where:     http://www.on24.com/clients/default/audioevent.html?eventid=497
               or
               http:/www.impaccompanies.com / Impac Mortgage Holdings, Inc/
               Presentations

    How:       Live over the Internet -- Simply log on to the web at one of
               the addresses above.  Listeners should go to one of the sites
               at least 15 minutes before the event to install the needed
               software.  Minimum software required to listen is Windows Media
               Player, downloadable free at
               http://windowsmedia.com/download/download.asp

For questions please contact: Tania Jernigan, VP Investor Relations directly at (949) 475 3722 or email tjernigan@impaccompanies.com.

If you are unable to participate during the live webcast, the presentation will be archived on these sites for 30 days.

Impac Mortgage Holdings, Inc. is a Mortgage REIT, which operates three core businesses: (1) the Long-Term Investment Operations, (2) the Mortgage Operations, and (3) the Warehouse Lending Operations. The Long-Term Investment Operations invests primarily in non-conforming Alt-A mortgage loans. The Mortgage Operations acquires, originates, sells and securitizes primarily non-conforming Alt-A mortgage loans, and the Warehouse Lending Operations provides short-term financing to mortgage loan originators. The Company is organized as a REIT for tax purposes, which allows it generally to pass through earnings to stockholders without federal income tax at the corporate level.

SOURCE Impac Mortgage Holdings, Inc.

CONTACT:
Tania Jernigan, VP Investor Relations of Impac Mortgage Holdings, Inc., +1-949-475-3722, tjernigan@impaccompanies.com
URL: http://www.impaccompanies.com

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