Holding(s) in Company: 6 May 2011

Notification of major shareholding

Panmure Gordon & Co. plc (“the Company”) has today received notification dated 6 May 2011 from UKPG Holdings LLC informing the Company that, following an increase in the Company’s issued share capital, its interest in the voting rights attached to the issued share capital of the Company has fallen below the 8% threshold. Its interest in 11,821,295 ordinary 4p shares in the Company now represents 7.98% of the total voting rights in the Company.