AGM Statement

PRESS ANNOUNCEMENT

Under embargo until 7:00 BST 

24 September 2009

Penna Consulting plc ("Penna" or the "Company")

AGM Statement

Penna Consulting plc will hold its annual general meeting later today, 24 September 2009.

At the meeting the Chairman, Mr Stephen Rowlinson, will make the following statement:

"We are about to complete the first half of our financial year and I am very pleased to say that we have seen continued strong growth in revenue and profit. We expect profit before taxation will be significantly ahead of the same period last year.

Our acquisition of Barkers was completed on 29 June 2009 and the integration of its business into the Penna Group is proceeding very well. Barkers has made a positive contribution to profit in the three months since acquisition.

We continue to believe that a strong and liquid balance sheet is of great importance in today's trading environment. I am pleased to note that our cash balance is currently approximately £7m and we remain debt free."

The notice convening the annual general meeting and providing details of the venue, is available on the Company's website at www.penna.com and has been posted to shareholders.

Enquiries

Penna Consulting plc

Stephen Rowlinson, Chairman 

Tel. +44 (0) 7710 023 699

Gary Browning, Chief Executive

Tel: +44 (0) 20 7648 2448

David Firth, Finance Director

Tel: +44 (0) 20 7648 2423

Hawkpoint Partners

Tel. +44 (0) 20 7665 4500

Graham Paton

Serge Rissi

Collins Stewart

Tel. +44 (0) 20 7523 8000

Adrian Hadden

Pelham PR

+44 (0) 20 7337 1532

Polly Fergusson

Zoë Pocock