RNS Number:8056S
Phoenix VCT PLC
03 December 2003


PHOENIX VCT PLC (the "Company")
3 DECEMBER 2003
NET ASSET VALUE AND ISSUE OF EQUITY

Phoenix VCT plc announces that as at 30 November the net asset value per
ordinary share was 101.3p per ordinary share.

In addition the Company yesterday issued and allotted 145,720 new ordinary
shares at a price of 106.3p. The issued share capital of the Company is now
10,334,225 ordinary shares.

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

ENDS

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

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