Director's Shareholding

23 November 2012

                            Panther Securities PLC                             

                                (the "Company")                                

Directors' Shareholding

The Company was notified on 22 November 2012 that the following directors had
purchased shares in the Company.

                            Number of   Percentage of     Purchase         Date
                             Ordinary    issued share        price             
                               Shares         capital                          
                                                                               
Andrew Perloff (These           2,500            0.01       332.5p   12/10/2012
were purchased by his                                                          
child who is a minor)                                                          
                                                                               
Simon Peters                    2,500            0.01       307.5p   19/11/2012

Following the above transactions, the Directors will have the following
aggregate holdings, respectively;

                                      Number of Ordinary Percentage of issued
                                                  Shares        share capital
                                                                             
Andrew Perloff                                 4,179,713                24.78
                                                                             
Simon Peters                                     173,500                 1.03

For further information:

Andrew Perloff, Panther Securities plc:                 Tel: [phone]
                                                                          
Simon Peters, Panther Securities plc:                   Tel: [phone]