Holding(s) in Company

PRESS ANNOUNCEMENT

FOR IMMEDIATE RELEASE

11 JUNE 2009

PENNA CONSULTING PLC

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1.

Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Penna Consulting Plc

2.

Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

3.

Full name of person(s) subject to notification obligation:

Gartmore Investment Limited

4.

Full name of shareholder(s) (if different from 3):

Gartmore Fund Managers Limited,

Gartmore Investment Limited and Gartmore Growth Opportunities

5.

Date of transaction (and date on which the threshold is crossed or reached if different):

5 June 2009

6.

Date on which issuer notified:

8 June 2009

7.

Threshold(s) that is/are crossed or reached:

14%

8.

Notified Details

A:

Voting rights attached to shares

Class/type of shares

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

If possible use ISIN code

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB0006794662

3,340,210

3,340,210

3,570,210

3,570,210

14.056%

B:

Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments 

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date 

Exercise/ Conversion period 

Number of voting rights instrument refers to

% of voting rights  

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,570,210

14.056%

9.

Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

HSBC Global Custody Nominee UK Ltd - 2,274,240 (8.954%)

Nortrust Nominees Limited - 270,000 (1.063%)

Gartmore Growth Opportunities - 1,025,970 (4.039%)

Proxy Voting:

10.

Name of proxy holder:

n/a

11.

Number of voting rights proxy holder will cease to hold:

n/a

12.

Date on which proxy holder will cease to hold voting rights:

n/a

13.

Additional information:

All figures are based on the Company's issued share capital of 25,400,452 as provided by the Company.

Email contact [email protected]

14.

Contact name:

RDU

15.

Contact telephone name:

020 7782 2324