Director Shareholdings: 22 March 2007

Panmure Gordon & Co. plc (“the Company”) has been advised that Tim Linacre, Chief Executive of the Company, has today purchased 12,500 ordinary shares of 4p each in the Company at a price of 158p per share.

22 March 2007This announcement corrects the announcement made on 21 March 2007, in which the price of the shares purchased by Tim Linacre and Charles Stonehill was given as 158.572p per share. This should have read 158p per share.

Panmure Gordon & Co. plc

DIRECTOR SHAREHOLDINGS

Panmure Gordon & Co. plc (“the Company”) has been advised that Tim Linacre, Chief Executive of the Company, has today purchased 12,500 ordinary shares of 4p each in the Company at a price of 158p per share. These shares will be lodged with the Company’s Matching Share Plan, under which Mr Linacre will be awarded one free share for every lodged share, subject to a three year holding period.

Following this transaction, Mr Linacre’s beneficial holding in the Company’s shares is 37,500 ordinary shares (0.06%). In addition Mr Linacre has an option over 2,472,738 shares held in the Panmure Gordon & Co. plc No 2 Employee Benefit Trust (824,246 exercisable now, 824,246 exercisable in April 2007 and 824,246 exercisable in April 2008) and 872,731 performance share options also exercisable now. All options are at an exercise price of 4p and have no expiry date.

In addition, the Company has been advised that Charles Stonehill, Chairman of the Company, has today purchased 12,500 ordinary shares of 4p each in the Company at a price of 158p per share. These shares will also be lodged with the Company’s Matching Share Plan, under which Mr Stonehill will be awarded one free share for every lodged share, subject to a three year holding period.

Following this transaction, Mr Stonehill’s beneficial holding in the Company’s shares is 62,500 ordinary shares (0.1%). In addition, Mr Stonehill has an option over 450,000 existing shares held in the Panmure Gordon & Co. plc No 2 Employee Benefit Trust; 250,000 of the shares under the option will vest in equal thirds in April 2007, April 2008 and April 2009. The vesting of the remaining 200,000 shares is subject to the Company’s share price attaining certain levels.

Enquiries:
Sarah Wigley
Company Secretary
020 7614 8395

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