PTC Pnc Telecom (see LSE:TRIC)

Conversion of Loan Note FOR IMMEDIATE RELEASE 3 March 2005 PNC TELECOM PLC ("PNC" or the "Company") Pursuant to the issuance of Convertible Loan Notes totalling �120,000, convertible at 0.1p per share at any time for 7 years from 17 February 2005 to 16 February 2012 ("Loan Notes"), at a Board Meeting of 2 March 2005, the Board accepted a request from a Note Holder for the conversion of a �5000 Loan Note and has agreed to allot 5,000,000 Ordinary shares at 0.1p per share in accordance with the terms of the Loan Note Instrument. The resulting holding of 5,000,000 ordinary shares represents 9.41% of the enlarged issued share capital of the Company. Application is being made for a total of 5,000,000 new Ordinary shares of 0.1p to be admitted to trading on AIM. For further information: PNC Telecom Plc Leo Knifton Tel: +44 (0) 207 251 3762 END

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