PMR: Panmure Gordon & Co.Plc: Directorate Change

  PMR: Panmure Gordon & Co.Plc: Directorate Change

UK Regulatory Announcement


19 November 2012

                           Panmure Gordon & Co. plc

                              (“Panmure Gordon”)

                              Directorate change

Following the appointment of Phillip Wale as CEO of Panmure Gordon earlier
this year, and the successful hand-over from Tim Linacre, the Board of Panmure
Gordon and Mr Linacre, currently the Chairman of Investment Banking, have
reached a mutual agreement that the time is right for him to leave the firm
and he will be stepping down with immediate effect.

Ed Warner, Chairman, commented: "All of my Board colleagues thank Tim for his
unstinting efforts on behalf of Panmure Gordon during his two decades with the
firm and we wish him well for the future."

Tim Linacre commented: "It is a pleasure to depart knowing the business is in
excellent shape. Panmure's transactions this year, including several IPOs,
significant fundraisings and M&A mandates, are proof of the whole firm's
ability to execute tremendously for its clients."


Panmure Gordon                                    
Ed Warner, Chairman                                 020 7886 2500
Nathaniel Webb, Communications Director             07738 182900/020 7886 2886

FTI Consulting
Billy Clegg                                         020 7269 7157
Ed Gascoigne-Pees                                   020 7269 7132

Grant Thornton Corporate Finance (Nominated
Gerry Beaney/Salmaan Khawaja/Jen Clarke             020 7383 5100


Panmure Gordon & Co.Plc
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