Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                             
                                                                                            
                                                                                            
                                                                                            
1. Identity of the issuer or the underlying issuer                 Software Radio Technology
of existing shares to which voting rights are                                            plc
attached:ii                                                                                 
                                                                                            
2 Reason for the notification (please tick the appropriate box or boxes):                   
                                                                                            
An acquisition or disposal of voting rights                                           X     
                                                                                            
An acquisition or disposal of qualifying financial instruments which may result             
in the acquisition of shares already issued to which voting rights are attached             
                                                                                            
An acquisition or disposal of instruments with similar economic effect to                   
qualifying financial instruments                                                            
                                                                                            
An event changing the breakdown of voting rights                                            
                                                                                            
Other (please specify):                                                                     
                                                                                            
3. Full name of person(s) subject to the                           Lester Industries Limited
notification obligation:iii                                                                 
                                                                                            
4. Full name of shareholder(s)                                         Giltspur Nominees Ltd
 (if different from 3.):iv                                                                  
                                                                                            
5. Date of the transaction and date on                                                      
which the threshold is crossed or                                            17 January 2011
reached: v                                                                                  
                                                                                            
6. Date on which issuer notified:                                            17 January 2011
                                                                                            
7. Threshold(s) that is/are crossed or                                                    3%
reached: vi, vii                                                                            
                                                                                            


 

8. Notified details:                                                                              
                                                                                                  
A: Voting rights attached to shares viii, ix                                                      
                                                                                                  
Class/    Situation previous                 Resulting situation after the triggering transaction 
type of   to the triggering                                                                       
shares    transaction                                                                             
                                                                                                  
                                                                                                  
if        Number                Number       Number    Number of voting        % of  voting rights
possible  of                    of           of shares rights                  x                  
using     Shares                Voting                                                            
the ISIN                        Rights                                                            
CODE                                         Direct    Direct xi Indirect xii  Direct  Indirect   
                                                                                                  
                                                                                                  
Ordinary                                                                                          
          3,205,480             3,205,480    3,155,480 3,155,480               2.99%              
0.1p                                                                                              
                                                                                                  
                                                                                                  
                                                                                                  
B: Qualifying Financial Instruments                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of      Expiration          Exercise/              Number of voting             % of voting  
financial    date xiii           Conversion Period xiv  rights that may be           rights       
instrument                                              acquired if the                           
                                                        instrument is                             
                                                        exercised/ converted.                     
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
C: Financial Instruments with similar economic effect to Qualifying Financial                     
Instruments xv, xvi                                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of     Exercise price      Expiration Exercise/   Number of voting rights    % of voting     
financial                       date xvii  Conversion  instrument refers to       rights xix, xx  
instrument                                 period                                                 
                                           xviii                                                  
                                                                                                  
                                                                                  Nominal Delta     
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
Total (A+B+C)                                                                                     
                                                                                                  
Number of voting rights                             Percentage of voting rights                   
                                                                                                  
3,155,480                                           2.99%                                         
                                                                                                  


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:                                                             
                                                                                        
14. Contact name:                                                                       
                                                                                        
15. Contact telephone number:                                                           
                                                                                        

 

Enquiries:                                 
                                           
                                           
                                           
Software Radio Technology plc  01761 409500
                                           
Simon Tucker / Richard Hurd                
                                           
                                           
                                           
Westhouse Securities Limited  0113 246 2610
                                           
Tim Feather / Matthew Johnson