20 October 2009

                            Panther Securities PLC                             
                            ("Panther" or "Group")                             
                                                                               
     Cash received from sale of Rugby Estates Investment Trust plc holding     

Panther is pleased to announce that it has recently received £2,360,000 cash
following the sale of its entire holding in Rugby Estates Investment Trust plc
("REIT") being 5,770,000 ordinary shares.

This consideration for the sale represents a profit of £766,000 based on the
written down net book value of the investment, which was included in the
Company's results for the six months ended 30 June 2009 as announced on 9
September 2009 (a profit of £651,000 based on written down net book value) as
at 31 December 2008 and a loss of £1,030,000 based on the original cost of the
investment.

For further information contact:

Panther Securities PLC                                            020 7278 8011
Andrew Perloff - Chairman                                                      
Simon Peters - Finance Director