Issue of Equity

    FOR IMMEDIATE RELEASE 17 May 2006

                                PNC TELECOM PLC                                

                           ("PNC" or the "Company")                            

                                ISSUE OF EQUITY                                

At a Board Meeting on 17 My 2006, the Board received and accepted a request
from Cairns Investment Holdings Limited ("Cairns"), pursuant to the issuance of
Convertible Loan Notes totalling �500,000 convertible at 0.1p per share at any
time for 7 years from 29 April 2005 to 28 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 6.13%
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                                                                 



END

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