Change of Adviser

PRESS ANNOUNCEMENT

FOR IMMEDIATE RELEASE

3 November 2008

PENNA CONSULTING PLC ("PENNA" OR "THE COMPANY")

APPOINTMENT OF NOMAD AND BROKER

Penna, the international Human Resources Consulting group, is pleased to announce that it has appointed Hawkpoint Partners Limited as Nominated Adviser and Collins Stewart as Broker to the Company with immediate effect.

The Company confirms that it will announce its results for the half year ended 30 September 2008 on 11 November 2008.

Enquiries:

Penna Consulting Plc

Tel: +44 (0) 20 7648 2448 

Gary Browning, Chief Executive

David Firth, Finance Director

Hawkpoint Partners

Tel. +44 (0) 20 7665 4500

Graham Paton

Serge Rissi

Collins Stewart

Tel. +44 (0) 20 7523 8000

Adrian Hadden

Pelham PR (PR adviser to Penna)

Tel: +44 (0) 20 7743 6670

Polly Ferguson