Trading Statement

Pennant International Group PLC
11 October 2001



Pennant International Group plc - Trading Statement


Since the release of the Company's interim results on 28 September 2001, world
conditions have deteriorated further and as a consequence your Board is seeing
additional delays in anticipated contract awards resulting in reduced
visibility of the potential order book.  The effect of this is that the
Company no longer expects to trade profitably in the final quarter of the
year.


With this continuing uncertainty, as to when trading will improve, the Board
is currently reviewing its strategic options.