RNS Number:3735I
Phoenix VCT PLC
06 March 2003

PHOENIX VCT PLC



ISSUE OF EQUITY



Phoenix VCT plc announces that on 17 February it issued and allotted 387,264
ordinary shares under the Offer for Subscription.  The issued share capital of
the Company is now 3,222,244 ordinary shares.  The new shares were issued at a
price of 100p each.



Application will be made for admission of the new ordinary shares to trading on
the London Stock Exchange as soon as practicable.




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

IOEBGGDXUXGGGXL