Holding(s) in the Company: 2 July 2007

Panmure Gordon & Co. plc (“the Company”) has received formal notification dated 29 June 2007 that, following the sale of 6,700,000 Restricted Voting Ordinary Shares on 29 June 2007, UKPG Holdings LLC (and its parent company LFCM Holdings LLC) is now interested in 11,821,295 Ordinary Shares of 4p each in the Company, representing 17.46% of the total voting rights attached to the issued share capital of the Company.

As a result of this sale and of the notice received by the Company from UKPG Holdings LLC, voting rights have been restored to the remaining 2,560,648 Restricted Voting Ordinary Shares held by UKPG Holdings LLC. The total holding of 11,821,295 Ordinary Shares is therefore now unrestricted.