PMR: Panmure Gordon & Co.Plc: Employee Benefit Trust

  PMR: Panmure Gordon & Co.Plc: Employee Benefit Trust

UK Regulatory Announcement


                           Panmure Gordon & Co. plc

                               (the "Company")

                               EBT trading plan

The Company announces that Praxis Trustees Limited, which administers the
Panmure Gordon & Co. plc No.2 Employee Benefit Trust ("EBT"), has entered into
a new trading plan with the Company, the previous plan being due to expire on
31 October 2012.

Under the trading plan, in the period running from 1 November 2012 to 30 April
2013 the EBT will instruct Panmure Gordon (UK) Limited as broker to acquire
ordinary shares of 4p each in the Company for the EBT. Purchases will be
limited to 200,000 ordinary shares in any single calendar month and the
maximum price paid per ordinary share shall be no more than 110 per cent of
the middle market quotation of the Company's shares on the first business day
of the calendar month in which the shares are purchased. While the Company is
within a close period, neither the Company nor the EBT will attempt to
terminate the trading plan which has now been entered into. The EBT has
absolute discretion and independence in respect of all trading decisions it
may make in respect of the purchase of ordinary shares pursuant to the trading

Any purchases made by the EBT will be announced to the market at the
appropriate time.


Sarah Wigley, Company Secretary         020 7886 2500
Gerry Beaney/Salman Khawaja/Jen Hatter
Grant Thornton (Nominated Adviser)       020 7383 5100


Panmure Gordon & Co.Plc
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