RNS Number:4028K
Credit Lyonnais (Investments) Ltd
25 April 2003


THE FOLLOWING REPLACES THE SAR - PENNA ANNOUNCEMENT RELEASED TODAY AT 12:58
UNDER RNS 3956K. UNDER SECTION 4 (A) OF THIS FORM, THE NAMES OF THE PARTIES
ACQUIRING THE SHARES SHOULD READ MR. AND MRS. S R ROWLINSON. THIS WAS OMITTED
FROM THE PREVIOUS ANNOUNCEMENT IN ERROR.

ALL OTHER DETAILS REMAIN UNCHANGED.



                                                                 FORM SAR 3

Lodge with a RIS or Newstrack and the Takeover Panel. A copy must also be sent
to the company the shares of which are acquired.

                                               Date of disclosure 25 April 2003.

   DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
                                SHARES ("SARs")



Date of acquisition               25 April 2003

Acquisition in Penna Consulting PLC                         (name of company)


(1)   Class of voting shares         Number of shares/rights over shares  If rights over shares acquired,
      (eg ordinary shares)           acquired                             as opposed to the shares
                                                                          themselves, specify nature of
                                                                          rights

      Ordinary Shares                600,000          shares              N/A

                                     Nil              rights


(2)   Resultant total holding of     Resultant total holding of rights    Total percentage
voting shares (and % of total voting over shares (and % of total voting
shares in issue)                     shares in issue)

        2,903,500       (16.09%)     Nil                    (0%)          16.09%


(3)   Party making disclosure .................Credit Lyonnais Securities


(4)   (a)   Name of person acquiring shares or rights over shares ...Mr & Mrs S R Rowlinson

            and, if different, beneficial owner .....................N/A

                                                 
      (b)   Names of any other persons acting by agreement or understanding 
            (see SAR 5) ...................................N/A


Signed, for and on behalf of the party named in (3) above .....................

(Also print name of signatory) ...........Chris Seals

Telephone and extension number ...........020 7214 5250


                     ______________________________________

Note.  Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129.
E-mail: monitoring@disclosure.org.uk


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