Holding(s) in Company: 28 May 2009

Notification of major shareholding

Panmure Gordon & Co. plc (“the Company”) has today received notification dated 28 May 2009 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 26 May 2009, its interest in the ordinary 4p shares in the Company has fallen below 17%. It now has an interest in 12,706,981 ordinary shares in the Company representing 16.75% of the total voting rights attached to the issued share capital of the Company.