Trading Update

28 Feb 2005 16:13

Panther Securities Plc ("the Company") Trading Update Panther Securities Plc is pleased to announce that further to its announcementof 15 December 2004 the completion of the sale of Copthall House, Coventry at aprice of ‚£9,250,000 took place today. These properties were independentlyvalued for the Company's 2003 accounts at ‚£5,250,000 and in that year produceda gross income of approximately ‚£700,000 with a net income of ‚£450,000.The Directors confirm that a special interim dividend of 10p per share for theyear ended 31 December 2005 will be paid at the same time as the final dividendfor the year ended 31 December 2004. The Directors expect that these paymentswill be made towards the end of June 2005.The company further announces that one its subsidiary companies has sold thefreehold investment at 14-18 King Street, Sterling for ‚£525,000. This propertywas one of the Eurocity Properties Portfolio, and realised approximately 10 percent. in excess of book value.The Panther Group now has approximately ‚£22,000,000 cash at bank together withunutilised loan facilities of ‚£25,000,000 available for future investment ortrading situations.Andrew Perloff, Panther Securities plc: 020 7278 8011END