Directorate change: 30 September 2009

Tony Caplin has notified the Board of his intention to resign as Non-executive Chairman and from the Board, with effect from today, to pursue other business interests.

The Board will commence a formal process to appoint a new Non-executive Chairman. In the meantime Simon Heale, an existing Non-executive Director, will assume the role of Chairman.

Tony Caplin said “I have enjoyed my long association with Panmure Gordon and the privilege of serving as Chairman. Given the opportunities open to the firm I am unable to devote as much time to the role as I believe it merits. I wish everyone in the firm every success for the future.”

Tim Linacre, the Chief Executive of Panmure Gordon said “I am very grateful to Tony for his Chairmanship of the firm. He leaves the firm in good shape, and I wish him well in his future endeavours.”