Holding(s) in Company: 3 May 2011

Notification of major interest in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Panmure Gordon & Co plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:
Lloyds Banking Group plc
4. Full name of shareholder(s) (if different from 3.):
See Section 9
5. Date of the transaction and date on which the threshold is crossed or reached:
27 April 2011
6. Date on which issuer notified:
3 May 2011
7. Threshold(s) that is/are crossed or reached:
Direct / Indirect holdings decreased to below 1%

8. Notified details:
A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE Situation previous
to the triggering
transaction Resulting situation after the triggering transaction
Number
of
Shares Number
of
Voting
Rights Number
of shares Number of voting
rights % of voting rights
Direct Direct Indirect Direct Indirect

Ord 4p Shares
ISIN
GB0032087933
4,945,133
4,945,133
N/A – below reportable threshold

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction

Type of financial
instrument Expiration
date Exercise/
Conversion
Period Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights
N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction

Type of financial
instrument Exercise
price Expiration
date Exercise/
Conversion
period Number of voting
rights instrument
refers to % of voting rights

Nominal Delta

Total (A+B+C)

Number of voting rights Percentage of voting rights
N/A – below reportable threshold

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

N/A – below reportable threshold

Proxy Voting:

10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A

13. Additional information:
Notification using the total voting rights figure of 147,698,130
14. Contact name:
Matthew Wilson
15. Contact telephone number:
0113 235 7729

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