Trading Update

26 September 2013

Penna Consulting Plc ('Penna' the 'Company' or the "Group")

Trading update

Penna Consulting Plc (PNA:AIM), the international human resources consulting group, announces that at today's Annual General Meeting the Chairman, Mr Stephen Rowlinson, will make the following statement:

"I am pleased to report that results for the early months of the company's financial year are in line with management's expectations. As anticipated, we are seeing growth in both revenues and margins in Recruitment and stable and substantial profits from Career Transition.

Much of our work is based on long term contracts and clients typically review these arrangements every three years when they appraise submissions from ourselves and competitors. In recent months we have achieved a series of important contract renewals and have won a number of major new contracts. The benefit of these wins will flow through towards the end of this financial year and on into 2014/15.

Sir James Harvie-Watt is standing down from the Board at the end of the AGM. Sir James has been a Director of Penna since 1995 and his detailed understanding of the Company has been invaluable throughout the many stages of Penna's development."

ENDS

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