PMR.L Regulatory News (PMR)

(a) Full name of discloser:

Panmure Gordon & Co. plc

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

n/a

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Panmure Gordon & Co. plc

(d) Is the discloser the offeror or the offeree?

OFFEREE

(e) Date position held:

The latest practicable date prior to the disclosure

29 March 2017

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

No

Class of relevant security:

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

0

Nil

0

(2) Cash-settled derivatives:

Nil

0

Nil

0

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

0

Nil

0

TOTAL:

Nil

0

Nil

0

Class of relevant security in relation to which subscription right exists:

None

Details, including nature of the rights concerned and relevant percentages:

None

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

3 (a) Interests of directors of Panmure Gordon & Co. plc in Panmure Gordon & Co. plc's ordinary shares of 4 pence each

3 (b) Interests in Panmure Gordon & Co. plc's ordinary shares of 4 pence each held by directors pursuant to Panmure Gordon & Co. plc's share plans and incentive schemes

Performance share plan

* In accordance with the co-operation agreement dated 17 March 2017 between Ellsworthy Limited and Panmure Gordon & Co plc ("Panmure Gordon") the remuneration committee of Panmure Gordon is considering converting awards outstanding in respect of 53,137 Panmure Gordon Shares to nil cost options which will fully vest on the Scheme Sanction Date, as defined in the Rule 2.7 announcement dated 17 March 2017.

** In accordance with the co-operation agreement dated 17 March 2017 between Ellsworthy Limited and Panmure Gordon the remuneration committee of Panmure Gordon is considering extending the exercise date of options outstanding in respect of 6,097 Panmure Gordon Shares to a date being no later than the Effective Date, as defined in the Rule 2.7 announcement dated 17 March 2017.

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

Supplemental Form 8 (Open Positions)

No

Supplemental Form 8 (SBL)

No

 30 March 2017

Ann Whitfield

+44 (0)20 7886 2500