Rule 2.10 Announcement

For immediate release

                                                                  13 June, 2005

                            Panther Securities plc                             

                         ('Panther' or the 'Company')                          

                            Rule 2.10 Announcement                             

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Panther
confirms that it has 16,998,151 ordinary shares of 25 pence each in issue.

The International Securities Identification Number for these shares is
GB0005132070.

Enquiries

Panther Securities plc

Andrew Perloff (Chairman and Chief Executive) Tel: [phone]

John East & Partners Limited

David Worlidge/John East Tel: [phone]