Director Shareholdings - Correction

PRESS ANNOUNCEMENT

FOR IMMEDIATE RELEASE

23 June 2010

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

Director shareholdings - Correction

On 14 June 2010, the Company announced that David Firth, Finance Director, held a beneficial interest in Penna of 11,460 shares, representing approximately 0.04% of the outstanding issued share capital of the Company. Subsequently, on 15 June 2010, the Company announced that Gary Browning, Chief Executive Officer, held a beneficial interest in Penna of 37,921 shares, representing approximately 0.15% of the outstanding issued share capital of the Company.

Due to an administrative error the shareholdings were understated by 8,993 shares in respect of David Firth and 11,130 shares in respect of Gary Browning.

The correct beneficial interest of each Director is as follows:

·; Following the acquisition on 15 June 2010, Gary Browning's beneficial interest in Penna shares is 49,051 shares, representing approximately 0.19% of the outstanding issued share capital of the Company; and

·; Following the acquisition on 14 June 2010, David Firth's beneficial interest in Penna shares is 20,453 shares, representing approximately 0.08% of the outstanding issued share capital of the Company.

Enquiries

Penna Consulting Plc

Tel: +44 (0) 20 7332 7751

David Firth, Finance Director

Hawkpoint Partners

Tel. +44 (0) 20 7665 4500

Graham Paton

Serge Rissi

Collins Stewart

Tel. +44 (0) 20 7523 8350

Adrian Hadden