Shop Lease Indemnities

29 Apr 2005 09:47

FOR IMMEDIATE RELEASE 29 April 2005 PNC TELECOM PLC ("PNC" or the "Company") PNC has received a letter demanding rent indemnities provided to directors of aformer subsidiary of PNC, being KJC Mobile Phones Limited, in respect of shoplease obligations. PNC understands that the total rent liability in respect ofthese shops is some ‚£428,750.PNC is taking legal advice in relation to this matter.For further information:PNC Telecom Plc Leo Knifton Tel: +44 (0) 207 251 3762 ENDPNC TELECOM PLC