Issue of Loan Notes

    FOR IMMEDIATE RELEASE                                                3 May 2005

                                PNC TELECOM PLC                                

                           ("PNC" or "the Company")                            

                              Issue of Loan Notes                              

On 29 April 2005 the Company announced that PNC had received a letter demanding
rent indemnities provided to directors of a former subsidiary of PNC, being KJC
Mobile Phones Limited, in respect of shop lease obligations. PNC understands
that the total rent liability in respect of these shops is some �428,750 and is
taking legal advice in relation to this matter. Further to the receipt of this
demand, in order to provide the Company with additional working capital, at a
board meeting held on 29th April 2005, the Company agreed to issue a
convertible loan note ("Convertible"), underwritten by the Directors being
Messrs Leo Knifton and Joseph Case, for �500,000 convertible at a price of 0.1p
per Ordinary Share at any time for seven years ending 28th April 2012. A total
of 500,000,000 Ordinary Shares are issuable under the convertible, representing
74 per cent. of the enlarged issued share capital. These Directors receive no
remuneration in order to preserve the Company's limited funds.

Under the AIM Rule 13, the issue of the convertible loan note to the two
Directors of the Company is a related party transaction. Beaumont Cornish
Limited, the company's Nominated Adviser, considers that the terms of the issue
are fair and reasonable insofar as the Company's shareholders are concerned.

The Company will make further announcements in due course when circumstances
require.

For further information:

PNC Telecom Plc                                                                
                                                                               
Leo Knifton                             Tel: +44 (0) 207 251 3762              
                                                                               

Beaumont Cornish Limited                                                       
                                                                               
Nominated Advisers                      Tel: +44 (0) 207 628 3396              
                                                                               
Roland Cornish / Noelle Greenaway                                              



END

Pnc Telecom (see LSE:TRIC) (LSE:PTC)
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