Nominated Adviser and Broker - Change of Name

PHSC Plc                                    

                                (the "Company")                                

                Change of Name of Nominated Adviser and Broker                 

The Company announces that Astaire Securities Plc, the Company's Nominated
Adviser and Broker, has changed its name to Northland Capital Partners Limited
following its recent acquisition by Sandfire Capital Inc.

For further information please contact:

PHSC plc                              Stephen King                  01622 717700  
www.phsc.plc.uk                                                         
                                                                        
Northland Capital Partners Limited    Gavin Burnell/Rod Venables    020 7492 4750
(Nominated Adviser and Broker)