Corporate Action

Pennant International Group PLC 25 February 2002 CAPITAL REORGANISATION SECURITY TITLE *Ord Shs MNEMONIC CODE *PEN SEDOL CODE *257-066 TERMS *To Subdivide each existing Ordinary Share of 20p into 1 New Ordinary Share of 5p and 1 Deferred Share of 15p PROVISIONAL EFFECTIVE DATE *08-03-02 NOTES * The effective date for the Capital Reorganisation is subject to approval at the EGM. This information is provided by RNS The company news service from the London Stock Exchange CORILFISFEIEFIF