Panmure Gordon & Co. plc ("Panmure Gordon") today issued a trading statement ahead of the close period relating to the half year ending 30 June 2007. 29th June 2007 Panmure Gordon & Co. plc ("Panmure Gordon”) Trading Update Panmure Gordon & Co. plc ("Panmure Gordon") today issued a trading statement ahead of the close period relating to the half year ending 30 June 2007. Expected Results Following a strong second quarter the Board of Panmure Gordon ("the Board") expects profit before tax for the half year ending 30 June 2007 to be ahead of market expectations. Revenue from the UK operations for the six months will be not less than £25m (2006: £18.3m) and for the US operations for the three months of ownership not less than $16m. Profit before tax for the combined group will be not less than £8.3m (against a market expectation of £6.7m) with adjusted earnings per share (prepared on the same basis as prior years) of not less than 8.7p per share, based on the estimated weighted average number of shares in issue of 65.8m. ThinkEquity, the US based investment bank which joined the Panmure Gordon Group on 1 April 2007, has made satisfactory progress during the three months since acquisition. A number of significant hires, particularly in investment banking, have been made. ThinkEquity broke even in the three months after certain restructuring costs and costs associated with the new hirings. Progress has been made in expanding the wealth advisory business and the Board expects significant growth in this area over the next six months. ThinkEquity will enter the second half of the year with a strong investment banking pipeline and we look forward to continuing progress during the remainder of 2007. The UK operations, which all trade as Panmure Gordon, have had a good first half and a particularly strong second quarter as a result of fundraisings undertaken on behalf of corporate clients and an encouraging performance from Institutional Equities. The Liverpool office has just opened and the Board believes that the team that has been recruited will make a significant impact to the profitability of the firm. Given the strength of the business performance, and the confidence the Board has in the outlook for the company, it is likely that the Board will, subject to no unforeseen circumstances, recommend the payment of a maiden interim dividend of 1.5p per share. Further information will be given on this at the time of the announcement of the interim results on 12 September 2007.