Liddell to leave Panmure Gordon

David Liddell is to resign as CFO of Panmure Gordon with effect from 31 March
2010 “to pursue other business interests” the company said today.

The board will kick off a formal process to appoint a new CFO, the
stockbroker said in a statement to the City.

Liddell has been with Panmure Gordon since May 2005, and previously from
April 2004 with Durlacher before its reverse takeover.

“He has made a significant contribution to many ventures during that time and
feels now is the time to explore new challenges,” the company said.

Tim Linacre, the chief executive of Panmure Gordon said: “I am very grateful
David for his loyalty to the firm over the past five years. He leaves the firm

with the board’s and my best wishes in his future endeavours.”

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