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Jersey Phoenix Tst (JPT)

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Tuesday 12 November, 2002

Jersey Phoenix Tst

Purchase of Own Securities

Jersey Phoenix Trust Ld
12 November 2002



JERSEY PHOENIX TRUST LIMITED


12 November 2002


For the attention of:          RNS



Dear Sirs



Jersey Phoenix Trust Limited announces the purchase on 11 November 2002 of
80,000 £1 Zero Dividend Preference shares for cancellation at 135.00p per share.



Following cancellation of the shares, 22,503,740 £1 Zero Dividend Preference
shares will remain in issue.



Yours faithfully

For and on behalf of

EFG Reads Secretaries Limited

Secretary to Jersey Phoenix Trust Limited





The Stock Exchange

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Throgmorton Street

London

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