AGM Statement

27 September 2012

Penna Consulting Plc ('Penna' the 'Company' or the "Group")

Trading update

Penna Consulting Plc (PNA:AIM), the international human resources consulting group, announces that at today's Annual General Meeting the Chairman, Mr Stephen Rowlinson, will make the following statement:

"We are halfway through our company year and are pleased with the underlying performance of the Group. However there was some delay in implementation of clients' projects through the Olympic period and we expect first half profit to be at a similar level to the same period of last year with indications being that the outcome for the year will be in line with management's expectations. 

Richard Stillwell is standing down from the Board at the end of the AGM. Richard has served as a non-executive director for ten years and we thank him for his very considerable contribution to Penna. We are being advised on the selection of new non-executive directors by an independent consultant and we expect to make an announcement of an appointment towards the end of the year."

ENDS

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