Holding in Company

Palace Capital plc ("Palace Capital" or the "Company")

Holding(s) in Company

21 May 2012

Palace Capital was informed on 19 May 2012 that Mr Harold Perloff holds 1,111,111 ordinary shares representing 3.52% of the issued share capital of the Company.

Enquiries:

Palace Capital plc

Neil Sinclair, Managing Director

Tel: +44 (0)20 7722 7603

Fairfax I.S. PLC

Katy Birkin/Ewan Leggat

Tel: +44 (0)20 7598 5368

Lehmann Communications plc

Ronel Lehmann

Tel: +44 (0) 20 7266 3020