Exercise of Options and Director Dealing

PRESS ANNOUNCEMENT

FOR IMMEDIATE RELEASE

16 September 2009

PENNA CONSULTING PLC - ("Penna" or the "Company") 

Exercise of options & Director dealing

Pursuant to the exercise of options on 16 September 2009 under the Company's Executive Share Option Scheme, the Company has made application to the London Stock Exchange for 249,000 new ordinary shares of 5 pence each ("Ordinary Shares") in the Company to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 22 September 2009.

Of the options exercised, David Firth, Finance Director of Penna, exercised options over 145,000 shares.

Subsequently, David Firth has today informed the Company that in order to meet institutional demand, he has agreed to sell 145,000 shares in the Company at 225.0 pence per share on 16 September 2009.

Following the sale of these shares, David Firth's beneficial interest in Penna shares will be 15,463 shares, representing approximately 0.06% of the outstanding issued share capital of the Company.

Enquiries:

Penna Consulting plc

Gary Browning, Chief Executive

+44 (0) 20 7648 2448

David Firth, Finance Director

+44 (0) 20 7648 2423

Hawkpoint Partners

+44 (0) 20 7665 4500

Graham Paton

Serge Rissi

Collins Stewart

+44 (0) 20 7523 8353

Adrian Hadden