Acquisition(s)

18 February 2010

                            Panther Securities PLC                             

                     ("Panther", "Company" or "the Group")                     

                            Investment in Beale plc                            

The Company announces that earlier today it acquired 4,074,493 ordinary shares
in Beale plc, representing 19.85 per cent. of the issued share capital of Beale
plc, at a price of 40p per share.

In addition, Andrew Perloff, Executive Chairman of Panther, has a beneficial
interest in 2,025,507 ordinary shares in Beale plc, representing 9.87 per cent.
of the issued share capital of Beale plc.

Accordingly, Panther and persons deemed to be acting in concert with it hold
6,100,000 ordinary shares in Beale plc, representing 29.72 per cent. of the
issued share capital of Beale plc.

For further information:                                                     
                                                                             
Andrew Perloff, Panther Securities plc:                          01707 667300
                                                                             
Simon Peters, Panther Securities plc:                            01707 667300