Update On Acquisition

13 Feb 2006 14:53

FOR IMMEDIATE RELEASE 13 February 2006 PNC TELECOM PLC ("PNC" or "the Company") Update on proposed acquisition Further to the announcement on 22 December 2006, the Board today confirms thatthe acquisition of Sim4Travel Limited ("S4T") will no longer proceed.However S4T is currently undertaking a re-organisation in contemplation of anapplication to Ofex, as part of which PNC is being issued ordinary sharesrepresenting approximately 11% of the issued ordinary share capital of S4T, inrespect of advisory services as provided by the Company.PNC continues to look at a number of potential acquisitions with a view tocomplementing its existing business.PNC Telecom Plc Leo Knifton 0207 251 3762 ENDPNC TELECOM PLC