Issue of Equity

    FOR IMMEDIATE RELEASE 18 August 2005

                                PNC TELECOM PLC                                

                           ("PNC" or the "Company")                            

                                ISSUE OF EQUITY                                

At a Board Meeting of 18 August 2005, the Board accepted a request from Cairn
Investment Holdings ("Cairn Investment") for the conversion of a �30,000 Loan
Note and has agreed to allot 30,000,000 new Ordinary shares at 0.1p per share
(the "Shares") in accordance with the terms of the Loan Note Instrument. This
holding represents 26.96.% of the enlarged issued share capital of the Company,
and together with Cairn Investment's existing holding in the Company, will
total 3,500,000 ordinary shares, or 26.96% of the Company's enlarged issued
share capital.

Application is being made for a total of 30,000,000 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
                                                                               

Beaumont Cornish Limited                                                       
                                                                               
Nominated Adviser                                     Tel: +44 (0) 207 628 3396
                                                                               
Roland Cornish                                                                 



END

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