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REG-Panther Securities: Change of Adviser <Origin Href="QuoteRef">PNS.L</Origin>

10 March 2016

                            Panther Securities PLC                             

                                (the "Company")                                

                               Change of Adviser                               

On 14 December 2015 Allenby Capital Limited ("Allenby Capital") announced it
had reached an agreement with Sanlam Securities (UK) Limited ("Sanlam"), the
Company's nominated adviser and broker at that time, pursuant to which four
senior members of Sanlam's corporate finance team had joined Allenby Capital
following Sanlam's decision to refocus its business and concentrate on its core
operations.  Accordingly, in order to retain continuity with one of its key
advisers and to gain access to Allenby Capital's additional resources, the
Company announces the appointment of Allenby Capital Limited as its Nominated
Adviser and Joint Broker with immediate effect.

For further information:

Andrew Perloff, Panther Securities plc:              Tel: 01707 667 300
                                                                       
Simon Peters, Panther Securities plc:                Tel: 01707 667 300
David Worlidge, Allenby Capital Limited              Tel: 020 3328 5656



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