PHOENICIAN CORPORATION IV LIMITED (the "Company")

                 Collaboration, financing and option agreement



The Directors of the Company are pleased to announce that they have entered
into a collaboration agreement with Enco Fuels Limited ("Enco"), a Scottish
company (company number 460059) and the shareholders of Enco (the
"Agreement").  The agreement is in accordance with the Company's investment
policy as set out in its interim statement for the 6 months ended 30 April 2013
published on 1 August 2013.

Under the terms of the agreement, the parties have agreed to work together on
projects in the retail petroleum industry in the UK to jointly develop and
agree strategies, to pursue such opportunities and raise necessary capital.
Unless earlier terminated in accordance with the provisions therewith, the
Agreement is for a term of 2 years.

The Company has agreed to work with Enco on an initial opportunity relating to
four sites in Scotland, namely Garvock, Boghall, Bridgeton and Tam O Shanter
(the "Sites").  On a consolidated basis, the revenues of the four sites were
approximately £7,000,000 in the year ended 31 December 2013. PIV has agreed to
provide a bank guarantee of £160,000 which will allow the Sites to use the bank
guarantee to secure purchasing terms with petrol suppliers. Prior to the Bank
Guarantee being in place, the necessary funds have been deposited with Certas
Energy's UK lawyer (as the supplier of the goods necessary to operate the
Sites). Any funds released from the escrowed funds or the Bank Guarantee will
be reimbursed in full.

In consideration for providing the escrowed funds and Bank Guarantee, PIV is
entitled, under the Agreement, to 5% per annum on the full amount of the
escrowed funds and the BG, such payments to be received by PIV in equal monthly
instalments commencing one month after the funds have been escrowed.

Enco has also agreed to pay all costs in respect of: (a) setting up and
maintaining the BG; (b) retaining the Company's listing on ISDX (including
ISDX, corporate adviser, accounting, legal, share registrar and other fees) and
(c) in respect of the negotiating and preparation of the Agreement.

All amounts due to PIV by Enco under the Agreement have been secured by means
of a personal guarantee from one of the shareholders of Enco, a debenture over
a company he owns which operates successful family entertainment centres
located in Dubai and a debenture over the assets of Enco.

Pursuant to the Agreement, the Company has been issued with an option to
acquire 6% of the then issued share capital of Enco for £30,000.  Moreover, at
the time of exercising such option (which is exercisable at PIV's discretion),
PIV will be granted share options to acquire further shares in Enco at a price
and amount to be mutually agreed.

Furthermore, the parties have also agreed to work together to achieve a merger.
The combined entity would actively acquire and consolidate retail petroleum
assets to take advantage of off-market opportunities and economies of scale to
increase net margins.

A number of representations and warranties have been provided by Enco and its
shareholders, on a joint and several basis.

Edwin Lee, a director of the Company commented:

"We believe that this transaction provides the Company with an attractive
investment opportunity. The petroleum sector has undertaken some significant
consolidations recently.  We see an opportunity to team up with a strong and
proven operator to grow the asset base and holdings so as to become a
significant player.

Although not a Shariah compliant investment, as the Company is entitled to
healthy interest payments on its investment, we see this prospect as an
extremely positive one and in line with our stated investing strategy. We also
see an opportunity to team up with a strong and proven operator to grow the
asset base and holdings so as to become a significant player in the sector."

Phoenician Corporation IV Ltd is a company formed with the intention of
becoming a vehicle for investments in businesses internationally. Collectively,
such investments, if owned by the Company, may command a higher valuation than
they would if they remained independent.

"THE DIRECTORS TAKE RESPONSIBILITY FOR THIS STATEMENT"



For further information, please contact:





Jason Futko
Phoenician Corporation IV Limited
2nd Floor, Olde Towne Marina
West Bay Street
Sandy Port
N 4825
Nassau
Bahamas
jfutko@gmail.com



ISDX Corporate adviser
Tony Rawlinson
Cairn Financial Advisers LLP
Tel: 020 7148 7900