Transaction in Own Shares

23 January 2008

                            Panther Securities PLC                             

                         ("Panther" or "the Company")                          

                           Transaction in own shares                           

Today the Company acquired 8,000 ordinary shares of £0.25 each at £3.70 per
share for cancellation.

Following the cancellation of these shares the Company will have 16,900,000
shares in issue.

For further information:

Andrew Perloff, Panther Securities plc:                         020 7278 8011
                                                                             
Simon Peters, Panther Securities plc:                           020 7278 8011