LONDON, 17 December 2009 – Panmure Gordon & Co is pleased to announce that it has acted as sponsor, financial adviser, broker and underwriter to MWB Group Holdings Plc on a proposed placing of 91.66m shares at 30p per share, to raise £27.5m.

MWB owns majority stakes in the Malmaison and Hotel du Vin hotel chains, MWB Business Exchange Plc, a leading UK serviced office provider and in the famous Liberty store in London’s West End.

The proposed placing is subject to shareholder approval at a general meeting of the company on January 11th, 2010.