LONDON, 16 March 2010 – Panmure Gordon & Co is pleased to announce that it is acting as financial adviser and broker to MWB Group Holdings plc (MWB.L) on the sale by its 68% subsidiary, Liberty Plc, of the freehold of the Liberty flagship London store for £41.5m, reflecting a initial yield of 4.8%.

The sale is subject to the approval of MWB’s shareholders.

The freehold was valued at £30.25m at the end of December last year. The sale price therefore represents a substantial surplus over that valuation.