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Jersey Phoenix Tst (JPT)

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Tuesday 26 November, 2002

Jersey Phoenix Tst

Purchase of Own Securities

Jersey Phoenix Trust Ld
26 November 2002


JERSEY PHOENIX TRUST LIMITED

26 November 2002


For the attention of: RNS


Dear Sirs

Jersey Phoenix Trust Limited announces the purchase on 26 November 2002 of
80,000 £1 Zero Dividend Preference shares for cancellation at 140.50p per share.

Following cancellation of the shares, 22,361,140 £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
P O Box 119
Throgmorton Street
London
EC2P 2BT


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