PNX Phoenix It

RNS Number:3023W
Phoenix IT Group PLC
09 May 2007

9 May 2007

   Not for release, publication or distribution in or into or from the United
         States, Australia, Canada, Japan, South Africa or New Zealand


               Phoenix IT Group plc ("Phoenix" or the "Company")

  Announcement in relation to the ICM Independent Directors recommendation of
                         Phoenix's Increased Offer for
                         ICM Computer Group plc ("ICM")

Phoenix notes the announcement by ICM earlier today and is pleased to have
received the recommendation from the ICM Independent Directors for Phoenix's
Increased Offer announced on 25 April 2007. Phoenix also notes that the ICM
Independent Directors' intention to accept the Increased Offer.

As at 25 April 2007, Phoenix had received irrevocable undertakings and
non-binding letters of intent to accept the Increased Offer, or to use best
endeavours to procure that others accept the Increased Offer, in respect of, in
aggregate, 13,256,740 ICM Shares, representing approximately 62.1 per cent. of
the existing issued ordinary share capital of ICM as at 25 April 2007.

As described in the Offer Document posted to ICM Shareholders on 27 April 2007:

(i)  the First Closing Date of the Offer is 3.00p.m. on 25 May 2007;

(ii) an Extraordinary General Meeting of Phoenix will be held at which approval
     will be sought from Phoenix Shareholders for, among other things, the
     Acquisition. The Phoenix Extraordinary General Meeting will be held at 
     9.00am on 25 May 2007 at the offices of UBS Limited at 1 Finsbury Avenue, 
     London EC2M 2PP;

Terms used in this announcement shall, unless the context requires otherwise,
have the meanings given to them in the announcement of the Increased Offer made
on 25 April 2007.


ENQUIRIES

For further information, please contact:

Phoenix it Group plc

Nick Robinson                                                      01604 669 597
David Simpson

UBS Investment Bank (Financial adviser and broker to Phoenix)

Adrian Haxby                                                       020 7567 8000
Rahul Luthra

Financial Dynamics (Public relations adviser to Phoenix)

Giles Sanderson                                                    020 7831 3113
Harriet Keen


The Phoenix Directors accept responsibility for the information contained in
this announcement.  To the best of the knowledge and belief of the Phoenix
Directors (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 Offer and
will not be responsible to any person other than Phoenix for providing the
protections afforded to customers of UBS or for providing advice in relation to
the Offer 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. Any acceptance or other response to the Offer
should be made only on the basis of information referred to in the Offer
Document.

The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be restricted by law.  The availability of the
New Phoenix Shares and the Mix and Match Facility under the Offer to persons not
resident in the United Kingdom may be affected by the laws of the relevant
jurisdictions in which they are located.  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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