Holding(s) in company: 25 May 2012

Panmure Gordon & Co. plc (“the Company”) has received notification from QInvest LLC informing the Company that, following an 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 45%.

QInvest LLC’s interest in 67,514,813 ordinary shares now represents 44.77% of the total voting rights in the Company.