Further re Disposal of Properties

18 October 2007

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

                      Further re: Disposal of Properties                       

The Company is pleased to announce that completion of the sales of the Neil
House/ Osborn Street, Whitechapel and Oldfield Road, Maidenhead properties for
which it announced exchange of contracts on 4 October 2007, has now taken place
and the proceeds of the disposals, amounting to £13 million in cash, have been
received.

For further information:

Andrew Perloff, Panther Securities plc: 020 7278 8011

Simon Peters, Panther Securities plc: 020 7278 8011