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Jersey Phoenix Tst (JPT)

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Tuesday 03 September, 2002

Jersey Phoenix Tst

Purchase of Own Securities

Jersey Phoenix Trust Ld
03 September 2002



JERSEY PHOENIX TRUST LIMITED


3 September 2002



For the attention of:          RNS



Dear Sirs

Jersey Phoenix Trust Limited announces the purchase on 2 September 2002 of
400,000 £1 Zero Dividend Preference shares for cancellation at 140.00p per
share.

Following the above purchase, 24,964,667 £1 Zero Dividend Preference shares
remain in issue.

Yours faithfully

For and on behalf of

EFG Reads Secretaries Limited

Secretary to Jersey Phoenix Trust Limited



The Stock Exchange
P O Box 119
Throgmorton Street
London
EC2P 2BT


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