Disposal of investment

20 October 2009

                            Panther Securities PLC                             
                            ("Panther" or "Group")                             
                                                                               
     Cash received from sale of Rugby Estates Investment Trust plc holding     

Panther is pleased to announce that it has recently received £2,360,000 cash
following the sale of its entire holding in Rugby Estates Investment Trust plc
("REIT") being 5,770,000 ordinary shares.

This consideration for the sale represents a profit of £766,000 based on the
written down net book value of the investment, which was included in the
Company's results for the six months ended 30 June 2009 as announced on 9
September 2009 (a profit of £651,000 based on written down net book value) as
at 31 December 2008 and a loss of £1,030,000 based on the original cost of the
investment.

For further information contact:

Panther Securities PLC                                            020 7278 8011
Andrew Perloff - Chairman                                                      
Simon Peters - Finance Director