RNS Number:3674M
Phoenix VCT PLC
16 June 2003


Phoenix VCT PLC (the "Company")

16 June 2003

In line with its policy of disclosing the net asset value per share on a monthly
basis, Phoenix VCT PLC announces that the unaudited net asset value per share of
the Company as at close of business on 31 May 2003 was 94.8 pence per ordinary
share.






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