Disposal

Panther Securities PLC
27 July 2000


Panther Securities PLC ('the Company')

The Company announces that earlier today it sold its entire 29.9 per cent.
interest in Wynnstay Properties PLC for a total consideration of £1.6
million, which represents a profit over cost of approximately £400,000. The
proceeds of the sale will be added to the cash resources of the Company, which
will be used to take advantage of any special opportunities that may occur.

Enquiries:

Panther Securities PLC

Andrew Perloff, Chairman       020 7278 8011