Holding(s) in Company: 15 September 2008

Notification of major shareholding

Panmure Gordon & Co. plc (“the Company”) has today received notification 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 11 September 2008, its interest in the ordinary 4p shares in the Company has fallen below 20%. It now has an interest in 14,830,044 ordinary shares in the Company representing 19.96% of the total voting rights attached to the issued share capital of the Company.