Notification of major interest in shares

For filings with the FSA include the | annex | ----------------------------------------+--------------------------------------- For filings with issuer exclude the | annex | ----------------------------------------+--------------------------------------- +------------------------------------------------------------------------------+ |TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) | +---------------------------------------------+--------------------------------+   | +---------------------------------------------+--------------------------------+ |1. Identity of the issuer or the underlying | | |issuer | Intec Telecom Systems | |of existing shares to which voting rights are| | |attached:(ii) | | +---------------------------------------------+--------------------------------+ |2 Reason for the notification (please tick the appropriate box or boxes): | +-----------------------------------------------------------------------+------+ |An acquisition or disposal of voting rights | ü | +-----------------------------------------------------------------------+------+ |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 | Schroders plc | |notification obligation:(iii) | | +--------------------------------------+---------------------------------------+ |4. Full name of shareholder(s) |  | | (if different from 3.):(iv) | | +--------------------------------------+---------------------------------------+ |5. Date of the transaction and date on| | |which the threshold is crossed or | 04.11.10 | |reached:(v) | | +--------------------------------------+---------------------------------------+ |6. Date on which issuer notified: | 05.11.10 | +--------------------------------------+---------------------------------------+ |7. Threshold(s) that is/are crossed or| Below 5% | |reached:(vi, vii) | | +-----------------------+--------------++-----+-------------------------+------+ +----------------------------------------------------------------------------------+ |8. Notified details: | +----------------------------------------------------------------------------------+ |A: Voting rights attached to shares (viii, ix) | +------------+----------------------+----------------------------------------------+ |Class/type |Situation previous |Resulting situation after the triggering | |of |to the triggering |transaction | |shares |transaction | | | +----------+-----------+------------+-----------------+---------------+ |if possible |Number |Number |Number |Number of voting |% of  voting | |using |of |of |of shares |rights |rights (x) | |the ISIN | ares |V ting +------------+------+----------+------+--------+ |CODE | |Rights |  |Direct|Indirect |Direct|Indirect| | | | | |(xi) |(xii) | | | +------------+----------+-----------+------------+------+----------+------+--------+ | Ordinary | | | | | | | | +------------+ | | | | | | | |GB0006725062| | | | | | | | |   |21,908,872| 18,208,872| 16,908,872| N/A|14,053,279| N/A| 4.462%| +------------+----------+-----------+------------+------+----------+------+--------+ +----------------------------------------------------------------------------------+ |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 |Expiration|Exercise/ |Number of voting |% of voting | |financial |price |date |Conversion |rights instrument |rights (xix, | |instrument | |(xvii) |period(xviii)|refers to |xx) | | | | | |  |  | +-------------+---------+----------+-------------+------------------+-------+------+ | | | | |  |Nominal|Delta | |  |  |  |  |  +-------+------+ | | | | | |  |  | +-------------+---------+----------+-------------+------------------+-------+------+ +----------------------------------------------------------------------------------+ |Total (A+B+C) | +------------------------------------+---------------------------------------------+ |Number of voting rights |Percentage of voting rights | +------------------------------------+---------------------------------------------+ |14,053,279 | 4.462% | |   | | +------------+++--------+-+--------+++-----------++-----+----------+++----+-+------+ +------------------------------------------------------------------------------+ |9. Chain of controlled undertakings through which the voting rights and/or the| |financial instruments are effectively held, if applicable:(xxi) | +------------------------------------------------------------------------------+ |  | |Schroder Investment Management Limited  12,392,690    3.935% | |  | |Schroder Investment Management North America Limited   1,660,589   0.527% | |  | +------------------------------------------------------------------------------+ +------------------------------------------------------------------------------+ |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: | | +------------------------------------------------+-----------------------------+ +-----------------------------+------------------------------------------------+ | |The shares referred to in section 9 are held in | |13. Additional information: |portfolios managed by those firms on a | | |discretionary basis for clients under investment| | |management agreements. | +-----------------------------+------------------------------------------------+ |14. Contact name: |   | | | Taryn O'Donoghue | +-----------------------------+------------------------------------------------+ |15. Contact telephone number:|   | | | 020 7658 6000 | +-----------------------------+------------------+-----------------------------+ [HUG#1459749] 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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