Holding(s) in Company: 26 November 2008

Notification of major shareholding

Panmure Gordon & Co. plc (“the Company”) has today received notification dated 25 November 2008 from Praxis Trustees Limited as Trustee of the Panmure Gordon & Co. plc No 2 Employee Benefit Trust informing the Company that, following the exercise of share options on 21 November 2008, its interest in the ordinary 4p shares in the Company has fallen below 19%. It now has an interest in 14,372,744 ordinary shares in the Company representing 18.99% of the total voting rights attached to the issued share capital of the Company.