Holding(s) in Company: 15 January 2010

Panmure Gordon & Co. plc (“the Company”) has today received notification dated 14 January 2010 from Praxis Trustees Limited as Trustees of the Panmure Gordon & Co. plc No 2 Employee Benefit Trust informing the Company that, following the exercise of share options on 13 January 2010, its interest in the ordinary 4p shares in the Company has fallen below 7%.

It now has an interest in 9,403,211 ordinary shares in the Company representing 6.55% of the total voting rights attached to the issued share capital of the Company.