PHX Phoenix Vct

    Holding(s) in Company
             



Phoenix VCT PLC

21 July 2008

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached (ii):

Phoenix VCT PLC

2. Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights: Yes

An acquisition or disposal of financial instruments which may result
in the acquisition of shares already issued to which voting rights
are attached: No

An event changing the breakdown of voting rights: No

Other (please specify): No

3. Full name of person(s) subject to the notification obligation
(iii):

Bracken Holdings Limited

4. Full name of shareholder(s) (if different from 3.) (iv):

N/A

5. Date of the transaction (and date on which the threshold is
crossed or reached if different) (v):

18 July 2008

6. Date on which issuer notified:

18 July 2008

7. Threshold(s) that is/are crossed or reached:

Above 3%

8. Notified details:



+---------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                              |
|                                                                                 |
|---------------------------------------------------------------------------------|
|Class/type of shares |Situation      |Resulting situation after the triggering   |
|If possible using the|previous to the|transaction vii                            |
|ISIN code            |triggering     |-------------------------------------------|
|                     |transaction vi |Number of|Number of voting |% voting rights|
|                     |               |shares   |rights           |               |
|                     |---------------+---------+-----------------+---------------|
|                     |Number |Number |Direct   |Direct x|Indirect|Direct|Indirect|
|                     |of     |of     |         |        |xi      |      |        |
|                     |shares |voting |         |        |        |      |        |
|                     |       |rights |         |        |        |      |        |
|                     |       |viii   |         |        |        |      |        |
|---------------------+-------+-------+---------+--------+--------+------+--------|
|C shares             |-      |-      |190,690  |190,690 |-       |3.45  |-       |
+---------------------------------------------------------------------------------+



+------------------------------------------------------------------------------+
|B: Financial Instruments                                                      |
|------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction xii                      |
|                                                                              |
|------------------------------------------------------------------------------|
|Type of   |Expiration|Exercise/Conversion|Number of voting rights    |% voting|
|financial |date xiii |Period/Date xiv    |that may be acquired if    |rights  |
|instrument|          |                   |this instrument is         |        |
|          |          |                   |exercised/converted        |        |
|----------+----------+-------------------+---------------------------+--------|
|-         |-         |-                  |-                          |-       |
+------------------------------------------------------------------------------+



+----------------------------------------------+
| Total (A+B)                                  |
|----------------------------------------------|
| Number of voting rights | % of voting rights |
|-------------------------+--------------------|
| 190,690                 | 345                |
+----------------------------------------------+


9. Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held, if applicable
(xv):

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Mike Coker

15. Contact telephone number:

020 7710 2802

ENDS

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