The Company will also host a conference call at 10:00 a.m. (Eastern Time)on Wednesday, August 6, 2008 to discuss the quarterly results. Allinterested parties are welcome to participate. You can access theconference call by dialing (800) 766-6630 approximately 5-10 minutes priorto the call. International callers should dial (416) 695-9757. All callersshould reference PennantPark Investment Corporation. An archived replay ofthe call will be available through August 20, 2008 by calling(800) 408-3053. International callers please dial (416) 695-5800. For allreplays, please reference conference ID #3266489.

About PennantPark Investment Corporation

PennantPark Investment Corporation is a business development company whichprincipally invests in U.S. middle-market private companies in the form ofmezzanine debt, senior secured loans and equity investments. From time totime, we may also invest in public companies whose securities are thinlytraded. PennantPark Investment Corporation is managed by PennantParkInvestment Advisers, LLC.

Forward-Looking Statements

This press release may contain "forward-looking statements" within themeaning of the Private Securities Litigation Reform Act of 1995. Allstatements other than statements of historical facts included in this pressrelease are forward-looking statements and are not guarantees of futureperformance or results and involve a number of risks and uncertainties.Actual results may differ materially from those in the forward-lookingstatements as a result of a number of factors, including those describedfrom time to time in filings with the Securities and Exchange Commission.The Company undertakes no duty to update any forward-looking statementsmade herein. All forward-looking statements speak only as of the date ofthis press release.