RNS Number:4172K
PNC Telecom PLC
28 April 2003

                                PNC Telecom plc

                        ("PNC Telecom" or "the Company")

                                    Disposal

PNC Telecom announces that it on Friday 2003 it sold its two principal
businesses, KJC Mobile Phones ("KJC"), a mobile phone retail and distribution
business, and PNC Telecom Services ("Services), a fixed line telecom business,
to Harthall Limited.

The consideration for the disposal comprises #2m cash and the assumption of a
number of liabilities and contracts of the Company, including bank debt, leasing
finance, compromise agreement payments and all employment contracts. Payment of
#0.25m of the consideration is deferred until a date no later than 7 May 2003.

Following the disposal, the Company has no ongoing business and its principal
asset is the cash consideration, net of the expenses of the disposal and other
Company liabilities, which will be placed on deposit.

In the year ended 31 March 2002, KJC made an operating loss of #2.1m and
Services made an operating loss of #2.9m. As at 31 March 2002, KJC had net
operating assets (excluding goodwill) of #0.8m and Services had net operating
liabilities (excluding goodwill) of #2.5m.

Enquiries:

PNC Telecom plc               08700 775776

Ian Gray



Seymour Pierce Limited               020 7648 8700

Jonathan Wright




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