Net Asset Value(s)
             



Phoenix VCT plc

11 November 2008

Net Asset Value(s)

Phoenix VCT plc announces that as at 31 October 2008 the unaudited
net asset value per Ordinary Share was 42.5 pence and the unaudited
net asset value per 'C' Share was 58.4 pence.

Octopus Investments Limited
020 7710 2800

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