Change of Adviser

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: [phone])
[e-mail]
www.phsc.plc.co.uk

Ruegg & Co Limited -
Gavin Burnell  (Tel: [phone])

Hichens, Harrison & Co. plc -
Daniel Briggs (Tel: [phone])

PHSC plc