Holding(s) in Company: 6 May 2009

Notification of major shareholding

Panmure Gordon & Co. plc (“the Company”) has today received notification dated 6 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 29 April 2009, its interest in the ordinary 4p shares in the Company has fallen below 18%. It now has an interest in 13,305,988 ordinary shares in the Company representing 17.55% of the total voting rights attached to the issued share capital of the Company.