Corporate Action

Pennant International Group PLC
11 February 2002

ENTITLEMENT ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *PEN
SEDOL CODE              *257-066
TERMS                   *2.5 Open Offer Shares for every 1 Existing Ordinary 
                         Share held at 9p per share.
EX DATE                 *11-02-02
RECORD DATE             *06-02-02
SPLITTING APPLICATION FORMS *28-02-02  3:00pm
RECEIPT OF APPLICATION FORMS *04-03-02  3:00pm
DEALING COMMENCE NEW SHARES *08-03-02
NOTES *






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