Canc. of Deferred Shares

Pennant International Group PLC
27 July 2006


Pennant International Group plc (the 'Company')
Cancellation of Deferred Shares


27 July 2006


In accordance with the Special Resolution of the shareholders passed at the AGM
held on 4 May 2006, the share capital of the Company has been reduced by the
cancellation of 9,636,000 Deferred Shares of 15p each.

The Special Resolution was confirmed by an order of the High Court of Justice,
Chancery Division, dated 14 June 2006 and was registered at Companies House,
pursuant to section 138 of the Companies Act 1985, on 22 June 2006.

As a result of this cancellation the distributable reserves of the Company are
increased by £1,445,400.

The number of Ordinary Shares of the Company in the market remains unchanged at
31,817,500.



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