Transaction in Own Shares
             



PHOENIX VCT PLC ('the Company')

22 September 2008

PURCHASE OF OWN SECURITIES

Phoenix VCT plc announces that on 19 September 2008 the Company
purchased for cancellation 9,620 Ordinary Shares of 10p each at a
price of 50.0p per share and 53,338 'C' Shares of 10p each at a price
of 65.0p per share.

The issued share capital of the Company is now 11,073,245 Ordinary
Shares and 5,460,498 'C' shares.

ENDS

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