THE NEW PNC TELECOM

Hi English Bigblls,

Loaded comments Jaknife, but not necessarily true as you know. They only enter the market when the loan note holders actually sell the shares.

So far 95m of the shares have been dumped onto the market, here are the announcements:

3 March 2005, 5m shares:

2 June 2005, 5m shares:

23 June 2005, 5m shares:

6 July 2005, 5m shares:

15 August 2005, 15m shares:

18 August 2005, 30m shares:

1 September 2005, 30m shares:

There's another 525m shares to be dumped following this initial 95m and the evidence suggests that they will gradually over time be dumped.

Regards

JakNife