Holding in Company

Intec Telecom Systems PLC 3 December 2001 DEALINGS BY SUBSTANTIAL SHAREHOLDERS 1) NAME OF COMPANY INTEC TELECOM SYSTEMS PLC 2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST MICAN LIMITED 3) Please state whether notification indicates that it is in respect of holding of the Shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 SHAREHOLDER NAMED IN 2. 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. MICAN LIMITED 5) Number of shares/amount of stock acquired. - 6) ( - %) of issued Class 7) Number of shares/amount of stock disposed 6,600,000 8) (3.59%) of issued Class 9) Class of security 1 PENCE ORDINARY SHARES 10) Date of transaction 30/11/01 11) Date company informed 3/12/01 12) Total holding following this notification 87,452,524 13) Total percentage holding of issued class following this notification 47.6% 14) Any additional information SEE BELOW 15) Name of contact and telephone number for queries JEAN B. EXELBY - 01483 745868/07718 780565 16) Name and signature of authorised company official responsible for making this notification Date of Notification .... 3 DEC 2001 LETTER TO: INTEC TELECOM SYSTEMS PLC Notification of Change in Substantial Interest On 30 November 2001, Mican Limited ('Mican'), a company registered in the British Virgin Islands, sold 6,600,000 ordinary shares of 1p each in Intec, representing 3.6 per cent of the current issued share capital, at a price of 68.6 pence per share, net of commission. Following the transaction, Mican retains an interest in 87,452,524 Intec ordinary shares, representing 47.6 per cent of the current issued share capital. A Jersey based trust, of which the family of Intec Telecom Systems chairman Mike Frayne are beneficiaries, is a material shareholder in Mican. Through Mican, the Jersey based trust is interested in an aggregate 28,353,519 Intec shares, representing 15.4 per cent of the current issued share capital. The transaction by Mican does not give rise to any change in the holding of the Jersey based trust, the beneficial holdings of Mr Frayne or his family, nor any other director of Intec. LETTER FROM: MICAN LIMITED
UK 100

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