Court Sanction of Scheme

FOR IMMEDIATE RELEASE Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction 25 November 2010 Court Sanction of Scheme of Arrangement Intec Telecom Systems plc In connection with the Scheme to effect the acquisition of Intec Telecom Systems plc ("Intec") by CSG Systems UK Limited ("CSG"), Intec and CSG are pleased to announce that the Scheme has been sanctioned by the Court today. In order for the Scheme to become effective in accordance with its terms, the Court will now need to confirm the associated Capital Reduction at the Second Court hearing.  This Hearing will take place on 29 November 2010. Following confirmation of the Capital Reduction by the Court, it is expected that the listing of Intec Shares will be cancelled at 8:00 a.m. on 30 November 2010, the anticipated Effective Date of the Scheme. Pending the Effective Date of the Scheme, Intec has applied for dealings in its Shares to be suspended with effect from 8:00 a.m. on 26 November 2010. Capitalised terms used but not defined in this announcement have the same meanings as given to them in the circular containing the Scheme that was sent to Intec Shareholders on 12 October 2010. A copy of this announcement will shortly be available on the Intec website at http://www.intec-telecom-systems.com/ by no later than 12 noon on 26 November 2010. Enquiries Intec +44(0)1483 745800 Andrew Taylor, Chief Executive Officer Robin Taylor, Chief Financial Officer RBS Hoare Govett +44(0)20 7678 8000 Simon Hardy Alex Garton Graham Hertrich Financial Dynamics +44(0)20 7831 3113 Juliet Clarke Haya Herbert Burns Dealing Disclosure requirements Under Rule 8.3(a) of the City Code, any person who is interested in one per cent. or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an "Opening Position Disclosure" following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An "Opening Position Disclosure" must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s).  An "Opening Position Disclosure" by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified.  Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an "Opening Position Disclosure" must instead make a "Dealing Disclosure". Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in one per cent. or more of any class of relevant securities of the offeree company or of any paper offeror must make a "Dealing Disclosure" if the person deals in any relevant securities of the offeree company or of any paper offeror.  A "Dealing Disclosure" must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8.  A "Dealing Disclosure" by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3. "Opening Position Disclosures" must also be made by the offeree company and by any offeror and "Dealing Disclosures" must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4). Details of the offeree and offeror companies in respect of whose relevant securities "Opening Position Disclosures" and "Dealing Disclosures" must be made can be found in the "Disclosure Table" on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified.  If you are in any doubt as to whether you are required to make an "Opening Position Disclosure" or a "Dealing Disclosure", you should contact the Panel's Market Surveillance Unit on +44(0)20 7638 0129. Terms in quotation marks are defined in the City Code, which can also be found on the Panel's website. [HUG#1465631] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Intec Telecom Systems Plc via Thomson Reuters ONE
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