Board changes

Panmure Gordon & Co. plc (“the Company”) announces that the Board has been informed that Jon Hack will be resigning as a Director of the Company with effect from 1 December 2007.

30 November 2007Panmure Gordon & Co. plc

Board changes

Panmure Gordon & Co. plc (“the Company”) announces that the Board has been informed that Jon Hack will be resigning as a Director of the Company with effect from 1 December 2007.

Jon was appointed to the Board by UKPG Holdings LLC under the terms of the Relationship Agreement entered into between the Company, UKPG Holdings LLC and Lazard & Co., Limited at the time of the acquisition by Durlacher of Panmure Gordon in April 2005. Under the terms of this agreement, whilst UKPG Holdings LLC continues to have an interest in 10% or more of the ordinary share capital of the Company, it is entitled to appoint a non-executive Director to the Board. Consequently, the Company has been informed by UKPG Holdings that it will appoint Paul Arthur Gismondi to the Board as a non-executive Director to replace Jon Hack with effect from 1 December 2007.

Paul Gismondi, aged 52, has 30 years of experience in the banking industry and is currently a Managing Director in charge of Lazard & Co., Limited’s Capital Markets Advisory, Origination, and Financing activities, responsible for advising, acting as sponsor and acting as placement agent on a wide range of securities offerings and private placements. Before joining Lazard Brothers & Co., Limited in 1990, Paul spent five years as managing director of Manufacturers Hanover Limited in London. Previously he was employed by Manufacturers Hanover Trust Company in New York and the Bank of New York.

Paul was previously a director of Lazard Frères et Cie Capital Markets Limited and L C M Nominees Limited.

Charles Stonehill, Chairman, said: “I would like to thank Jon for his contribution over the last two and a half years and to welcome Paul to the Board.”

Save as set out above, there is no further information to be disclosed under the AIM Rules.

Enquiries:

Panmure Gordon:
Charles Stonehill / Tim Linacre / David Liddell
020 7459 3600

Media enquiries:
Nathaniel Webb, Global Communications Manager
020 7614 8333

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