PNS Panther Securities Plc

    For immediate release

                                                               15 December 2004

              Panther Securities PLC ("Panther" or "the Company")              

              Proposed disposal of freehold property in Coventry               

Panther Securities PLC announces that one of its wholly-owned subsidiaries has
entered into a put and call options for the sale of its freehold complex at
Copthall House, Coventry, exerciseable between 4th and 20th January, 2005 at a
price of �9,250,000, payable in cash upon completion, which will be 20 days
after the exercise of the option.

These properties were independently valued for the Company's 2003 accounts at �
5,250,000 and in that year produced a gross income of approximately �700,000
with a net income of �450,000. The current year's net income will be
approximately �80,000 higher than in 2003.

Should the transaction proceed to a satisfactory conclusion, the Directors
intend to pay a special interim dividend of 10 pence per share for the year
ending 31 December, 2005. This will be paid at the same time as the final
dividend for the year ending 31 December, 2004.

For further information:

Andrew Perloff, Panther Securities plc: 020 7278 8011



END

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