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Jersey Phoenix Tst (JPT)

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Monday 09 July, 2001

Jersey Phoenix Tst

Holding in Company

Jersey Phoenix Trust Ld
6 July 2001



LETTER TO COMPANY ANNOUNCEMENTS OFFICE

Notification of Major Interest in Ordinary 10p Shares

We hereby inform you that we were notified today of a sale on 4 July 2001 of
500,000 Ordinary 10p shares by BFS Equity Income & Bond Trust Limited.

The transaction takes the Trust's holding to 835,000 Ordinary 10p shares
representing a holding of less than 3% of the issued class.  The shares are held
in the name of Rock Nominees Limited, designated R842.

LETTER FROM JERSEY PHOENIX TRUST LIMITED