PNX Phoenix It

RNS Number:8002T
Phoenix IT Group PLC
27 March 2007

27 March 2007





                        Phoenix IT Group plc ("Phoenix")

                   Comment re ICM Computer Group plc ("ICM")



Phoenix notes the announcement made by Fawkes Limited today.  The Board of
Phoenix continues to be actively interested in the ICM opportunity and is
considering its position in light of Fawkes' increased offer.  A further
announcement will be made in due course.


Contact information:

Phoenix IT Group plc                                01604 769000
Nick Robinson, Chief Executive Officer
David Simpson, Group Finance Director


UBS Investment Bank                                 020 7567 8000
Adrian Haxby
Craig Calvert


Financial Dynamics                                  020 7831 3113
Giles Sanderson
Harriet Keen




It should be noted that this announcement does not amount to a firm intention to
make an offer for ICM.


The directors of Phoenix accept responsibility for the information contained in
this announcement.  To the best of the knowledge and belief of the directors of
Phoenix (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.


UBS Limited is acting exclusively for Phoenix in connection with the Proposal
and will not be responsible to any person other than Phoenix for providing the
protections afforded to customers of UBS Limited nor for providing advice in
relation to the Proposal or any other matter referred to or contained in this
announcement.


This announcement does not constitute, or form part of, any offer for, or any
solicitation of any offer for, securities or the solicitation of any vote for
approval in any jurisdiction.



The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be restricted by law.  Therefore, any persons
who are subject to the laws of any jurisdiction other than the United Kingdom
should inform themselves of, and observe, any applicable legal or regulatory
requirements of their jurisdiction.  Any failure to comply with these
requirements may constitute a violation of the securities laws of any such
jurisdiction.






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

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