The Company has been advised by QInvest LLC that, following the resignations from the Panmure Gordon Board of its representatives Nader Shenouda and Asar Mashkoor, it is appointing two new directors to the Board, Tamim Al-Kawari and Caspar Warre. These appointments will take place with immediate effect.

Tamim Hamad Abdulaziz Al-Kawari, aged 37, is the Chief Executive of QInvest. He previously served as QInvest’s Deputy CEO and, prior to joining QInvest, was Goldman Sachs Managing Director and Country Head for Qatar. Tamim is currently a director of Bin Omran Trading and Aspire Katara Investment Co, both Qatari companies. He was previously a director of Clean Jeans Laundry and Dry Clean, a Qatari company which was liquidated some 7 years ago.

Caspar Alexis Mackintosh Warre, aged 38, is Head of M&A at QInvest. Prior to joining QInvest, Caspar had a long career with Dresdner Kleinwort/Commerzbank in London.

Save as set out above, there is no further information to be disclosed under Schedule 2 paragraph (g) of the AIM Rules.

Panmure Gordon Chairman, Ed Warner, commented: “I am delighted to welcome Tamim and Caspar to our Board. QInvest has been a very supportive major shareholder since August 2009, and both Tamim and Caspar bring extensive Middle-East knowledge and investment banking experience to our Board.”

Tamim Al-Kawari commented: “Panmure Gordon continues to make considerable progress. QInvest remains a long-term supporter of the firm and I look forward to working with my Board colleagues on areas of strategic mutual benefit.”