LONDON, 11 March 2009 – Panmure Gordon & Co is pleased to announce that it has acted as joint financial adviser and joint broker in a fundraising for its client, Workspace Plc.

In a five for one rights issue at 10p, the value of the fundraising was £87.2m.

Workspace has been a valued Panmure Gordon client for 12 years.

About the Panmure Gordon Group

Founded in 1876, Panmure Gordon & Co (PMR.L) is a leading independent mid-cap institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 250 professionals across the US, the UK and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management. www.panmure.com and www.thinkequity.com