PHSC plc 05 July 2005 News Release Issue of equity The board of PHSC plc ("PHSC" or "Company") announces the issue of 40,000 new ordinary shares of 10p each in the capital of the Company at a price of 62p per share creating £23,387 after costs towards additional working capital. These shares were issued to market-makers on 4 July 2005 in order to maintain an orderly market in the Company's shares. Following the issue of these shares the issued share capital of the Company is 9,825,504. Application has been made for the new ordinary shares to be admitted to trading on AIM. For further details contact : Stephen King PHSC plc Tel: +44-(0)1622 717700 Gavin Burnell Ruegg & Co. Limited Tel: +44-(0)20 7584 3663 This information is provided by RNS The company news service from the London Stock Exchange