Director/PDMR Shareholding

28 May 2012

                            Panther Securities PLC                             

                                (the "Company")                                

Directors' Shareholding

The Company was notified that, on 24 May 2012, the following Director received
gifts from a family member. The respective market price at the time of the gift
was of 342.5 pence per share, the registrars are in the process of completing
these transfers.

                                      Number of Ordinary Percentage of issued
                                                  Shares        share capital
                                                                             
The gifts were as follows:                        2,500*                0.015
                                                                             
John Perloff                                                                 
                                                                             
*(These were gifted 1,250 per to each                                        
of his children who are both minors)                                         
                                                                             
Andrew Perloff                                                               
                                                                             
*(This was gifted to his child who is             1,000*                0.006
a minor)                                                                     
                                                                             
Simon Peters                                       1,000                0.006

Following the above transactions, the Directors will have the following
aggregate holdings, respectively;

                                      Number of Ordinary Percentage of issued
                                                  Shares        share capital
                                                                             
John Perloff                                     107,500                0.637
                                                                             
Andrew Perloff                                 4,177,213               24.763
                                                                             
Simon Peters                                     171,000                1.014

For further information:

Andrew Perloff, Panther Securities plc:                 Tel: [phone]
                                                                          
Simon Peters, Panther Securities plc:                   Tel: [phone]