Teaming Agreement

FOR IMMEDIATE RELEASE 04 December 2017

PENNANT INTERNATIONAL GROUP PLC

(AIM:PEN)

Teaming agreement signed with Capewell Aerial Systems LLC

Pennant International Group plc ("Pennant" or the "Group"), the AIM quoted supplier of integrated training and support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, is pleased to announce that it has entered into a teaming agreement with Capewell Aerial Systems LLC (a global provider of engineered products for aerial delivery, life support and tactical gear for military, law enforcement and humanitarian agencies worldwide)("Capewell").

Pennant and Capewell have identified a number of opportunities to work together in North America and elsewhere to provide complementary products and services, enhancing end user experience and value, and on 29 November 2017, signed a teaming agreement which provides the framework to develop and implement these opportunities.

David Clements, Pennant Commercial Director, commented: "We are delighted to enter into this teaming arrangement with Capewell, a leader in aerial delivery. We are already working together on an innovative project for customers in North America and elsewhere and look forward to announcing further details in the New Year."

Jared Burns, Capewell Director of Operations, added: "Capewell is excited to be teaming with Pennant to expand on our existing products and services. We are focused on bringing new capabilities to our customers, and this agreement is a major step in that direction."

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