Sale of Property

Pennant International Group PLC
17 September 2007

Pennant International Group Plc (the 'Group')


17 September 2007


Planning permission granted in respect of Southampton property


As previously reported, in February 2006 the Group exchanged contracts,
conditional upon planning consent, for the sale of property in Southampton.
Following the recent grant of planning permission, negotiations are now in hand
to take the contract unconditional. The agreed price is not less than £747,000
and the profit on sale will be in excess of £325,000.




Contacts:

Tim Cofman-Nicoresti                            0121 616 2101
W.H Ireland




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