Director Declaration

For immediate release

                                                                    4 July 2005

              Panther Securities PLC ('Panther' or 'the Company')              

                             Director Declaration                              

Further to the announcement on 26 April, 2005 of the appointment of John
Perloff, Simon Peters and John Doyle as directors of the Company ('the New
Directors') with effect from 1 July, 2005, the New Directors have each
confirmed that no information is required to be disclosed pursuant to paragragh
LR 9.6.13R of the Listing Rules Instrument 2005.

For further information:

Andrew Perloff, Panther Securities PLC: 020 7278 8011