Director Shareholding: 30 April 2012

Panmure Gordon & Co. plc (“the Company”) announces that, in accordance with the terms of the Company’s Performance Share Plan and following publication of the Company’s financial statements for the year ended 31 December 2011, 80,000 ordinary shares at nil consideration awarded to Philip Tansey, Chief Financial Officer of the Company vested on 27 April 2012.

Consequently, Philip Tansey’s beneficial holding in the Company’s shares is now 80,000 ordinary shares, representing 0.05% of the Company’s issued share capital. In addition Mr Tansey has an option over 400,000 shares at an exercise price of 4p held in the Panmure Gordon & Co. plc No 2 Employee Benefit Trust which are currently exercisable and over which he is able to exercise voting rights, which when aggregated with his existing holding represents 0.32% of the Company’s issued share capital. He also holds an award under the Performance Share Plan in respect of a further 320,000 shares which will automatically vest in equal quarters on 31 March 2013, 2014, 2015 and 2016, subject to continued employment with a group company.