Panmure Gordon is delighted to confirm that, from April 2007, it will be opening a regional office in Liverpool.

LONDON 5 January 2007 - Panmure Gordon & Co is delighted to confirm that, from April 2007, it will be opening a regional office in Liverpool.

The office will be staffed initially by a team of research analysts together with corporate finance and support staff.

Panmure Gordon intends to recruit additional staff during 2007 so that the office will be able to offer research, institutional sales and corporate finance services to institutional and corporate clients.

The office will be headed up by Andrew Burnett and Mark Hughes, both of whom will join the Company’s Management Committee.

Commenting on the opening of the office, Andrew Burnett said: “The creation of this office brings one of the UK’s most respected corporate and institutional stockbrokers into the North of England. It also re-establishes a successful team, who with the resources, reputation and commitment, of Panmure Gordon will be able to take advantage of the huge opportunities available.”

Tim Linacre, Chief Executive of Panmure Gordon said: “I am excited at the prospect of opening the Liverpool office and to have attracted such a high calibre team. We plan to grow the business rapidly to fill the gap in the range of locally based services available to growth companies in the North of England. This underlines our commitment to create the market leading independent corporate and institutional stockbroker.”