Issue of Equity

RNS Number:7622A
PNC Telecom PLC
31 March 2006





FOR IMMEDIATE RELEASE 31 March 2006



                                PNC TELECOM PLC

                            ("PNC" or the "Company")


                                ISSUE OF EQUITY



At a Board Meeting on 27 March 2006, the Board received and accepted a request
from Cairns Investment Holdings Limited ("Cairns"), pursuant to the issuance of
Convertible Loan Notes totalling #120,000 convertible at 0.1p per share at any
time for 7 years from 28 April 2005 to 27 April 2012, for the conversion of a
#5,000 Loan Note and has agreed to allot 5,000,000 new ordinary shares at 0.1p
per share (the "Shares") in accordance with the terms of the Loan Note
Instrument.


The resulting holding of 5,000,000 ordinary shares, together with the existing
holding of 5,000,000 ordinary shares totals 10,000,000 ordinary shares or 6.3%
of the enlarged issued share capital.


Application will be made for the Shares, which will rank pari passu with
existing ordinary shares, 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 Advisers                             Tel: +44 (0) 207 628 3396

Roland Cornish









                      This information is provided by RNS
            The company news service from the London Stock Exchange

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