Further re Cap Reorganisation

Pennant International Group PLC
11 February 2002

CAPITAL REORGANISATION AND PLACING AND OPEN OFFER



Please note that the following information should have been included in the
earlier announcement by Pennant International Group plc made at 8.03 am today:


Record Date for the Open Offer                               6 February 2002

Latest time for splitting Application Forms         3 p.m., 28 February 2002
(to satisfy bona fide market claims only)

Admission to AIM and commencement of dealings                   8 March 2002
in the New Ordinary Shares







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