Sale&Purchases of Properties

Panther Securities PLC
26 November 2001


                                                           26th November, 2001

             PANTHER SECURITIES PLC ('Panther' or 'the Company')

                       Sale and purchases of Properties

The Company announces that planning permission was recently granted for change
of use from offices to residential on Elmbank Chambers, Bath Street, Glasgow
and completion of the sale of the property took place on 23rd November, 2001
at a figure of £1,870,000 against its current book value of £1,630,000.

This building had been virtually vacant for over a year whilst awaiting
planning permission and sale, completion of which will now eliminate over £
100,000 per annum of carrying costs.  The profit on this sale after deducting
all selling costs will be reflected in the financial statements for the year
ending 31st December, 2001.

The Company also announces the acquisition of 1-7 Fore Street, 2-7 Binford
Place & Parrett House, Bridgewater, Somerset, a modern freehold town centre
block of shops with flats above, at a cost of £1,800,000.  The property
produces £186,000 per annum and tenants include Argos Limited, Nationwide
Building Society, Orange and The Outdoor Group Limited.

The Company has also acquired Acorn House, 192-196 High Street, Erdington,
Birmingham which is a modern long leasehold property held at a peppercorn rent
and producing £248,000 per annum exclusive from tenants that include
Beneficial Bank Plc, Iceland Frozen Foods Limited and the Secretary of State
for the Environment.  The price paid was approximately £2,150,000.

Both properties were mainly funded by utilising part of the Company's recently
arranged term loan facility from HSBC Bank Plc.

Enquiries:

Panther Securities PLC

Andrew Perloff - Chairman 020 7278 8011