FOR IMMEDIATE RELEASE

16 December 2005

                                PNC TELECOM PLC                                

                                ("the Company")                                

The Company was informed that as at 16 November 2005, following the purchase of
a further 2,000,000 Ordinary shares of 0.1p in the Company, Formal Property
Management Services Ltd, ("Formal") now holds a total of 13,000,000 Ordinary
shares, representing 9.08% the Company's issued share capital.

PNC Telecom Plc                                                                
                                                                               
Leo Knifton                             0207 251 3762                          



END
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