RNS Number:5557N
Public Network PLC
15 July 2003

Public Network Plc

15 July 2003


Public Network Plc

Statemement re Suspension


The Board of Public Network plc have, over the past few weeks, been attempting
to raise additional finance in order for the Group to continue trading as a
going concern. At a board meeting held yesterday it was considered unlikely that
adequate finance would be raised in an appropriate period and the directors
therefore resolved to put the Company into creditors' voluntary liquidation and
to instruct the directors of the subsidiary companies to do the same.


As a consequence of the above, trading in the Company's shares has been
suspended.


For further information, please contact:

Public Network plc.

Simon Banks-Cooper/David Martin

020 8547 0220


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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