Transaction in Own Shares
             



Phoenix VCT PLC (the "Company")

21 July 2008

Purchase of Own Securities

Phoenix VCT plc announces that on 18 July 2008 the Company purchased
for cancellation 40,000 'C' Shares of 10p each at a price of 73.4p
per share.

The issued share capital of the Company is now 11,082,865 Ordinary
Shares and 5,523,836 'C' shares.

ENDS

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