Holding(s) in Company: 12 August 2009

Notification of major shareholding

Panmure Gordon & Co. plc (“the Company”) has today received notification from Lloyds Banking Group plc dated 12 August 2009 informing the Company that, following the 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 4%. It has a direct interest in 4,886,379 ordinary 4p shares in the Company (3.408%) and an indirect interest in 58,754 shares (0.041%), representing a total interest in 3.449% of the total voting rights in the Company.

4,886,363 shares (3.408%) are under the control of Uberior Equity Limited, a wholly owned subsidiary of Uberior Investments plc, a wholly owned subsidiary of Bank of Scotland plc, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc (direct interests).