PHSC PLC
                                                    
                                            CHANGE OF ADVISER
                                                    
The  Board  of PHSC plc ("the Company") is pleased to announce that it has appointed Hichens, Harrison  &
Co. plc as Broker to the Company with immediate effect.

For further information: -

PHSC plc-
Stephen King (Tel: 01622 717 700)
Stephen.king@phsc.co.uk
www.phsc.plc.co.uk

Ruegg & Co Limited -
Gavin Burnell  (Tel: 020 7584 3663)

Hichens, Harrison & Co. plc -
Daniel Briggs (Tel: 020 782 7776)

                                                                
PHSC plc



                                                                

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