Loan Note conversion

    FOR IMMEDIATE RELEASE 1 September 2005

                                PNC TELECOM PLC                                

                           ("PNC" or the "Company")                            

                           CONVERSION OF LOAN NOTES                            

At a Board Meeting of 31 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 21.01% of the enlarged issued share capital of the Company.
Cairn Investments Holdings has informed the Company that it now only holds
30,000,000 shares in the Company.

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/Noelle Greenaway                                                



END

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