Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached :ii

Panmure Gordon & Co PLC (PMR.LN)

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the

acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying

financial instruments

An event changing the breakdown of voting rights

Other (please

specify):

3. Full name of person(s) subject to the

notification obligation: iii

Hunter Hall Investment Management Limited

4. Full name of shareholder(s)

(if different from 3.):iv

5. Date of the transaction and date on

which the threshold is crossed or

reached:v

6th September 2016

6. Date on which issuer notified:

7th September 2016

7. Threshold(s) that is/are crossed or

reached:vi, vii

Reduction below 3% threshold

8. Notified details:

A: Voting rights attached to shares viii, ix

Shares

if possible using

the ISIN CODE

to the triggering

transaction

of

Shares

of

Voting

Rights

of shares

rights

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

instrument

date xiii

Conversion Period xiv

rights that may be acquired if the

instrument is

exercised/ converted.

rights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

instrument

date xiii

Conversion

Period xiv

xix,xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

450,000

2.89%

9. Chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held, if applicable: xxi

Under the Financial Services Reform Act 2001 (Australia) Hunter Hall Investment Management Limited is the Responsible Entity for the following investment schemes:

HUNTER HALL VALUE GROWTH TRUST (VGT)

HUNTER HALL GLOBAL EQUITIES TRUST (GET)

Hunter Hall Investment Management Limited is also investment manager for:

HUNTER HALL GLOBAL VALUE LIMITED, which is a public company listed on the ASX Limited

Rights

entitled to be Registered as

Holder

Investment

Management Ltd

as the Custodian of the Hunter

Hall Value Growth Trust,

Hunter Hall Global Equities

Trust, and Hunter Hall Global

Value Limited

attached to the securities, and the power to exercise control over the disposal of securities as:

International Limited

owns Hunter Hall Investment Management Limited.

Services Pty Ltd,

Aubigny Investments

Pty Limited, Zeppelin Investments Pty Ltd and Peter James Hall

(Hampshire Associates)

Assets & Services Pty Limited, Aubigny Investments Pty Limited and Zeppelin Investments Pty Ltd are controlled by Peter James Hall.

Value Limited

agreement by Hunter Hall Investment Management Ltd.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Christina Seppelt

15. Contact telephone number:

+612 8224 0328