Notification of Major Interest in Shares

For filings with the FSA include the   |
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 For filings with issuer exclude the    |
 annex                                  |
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+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             |
+---------------------------------------------+--------------------------------+
                                              |
+---------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying  |                                |
|issuer                                       |   Intec Telecom Systems Plc    |
|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                        |          |
+-------------------------------------------------------------------+----------+
|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    |    x     |
|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                                   |       Centaurus Capital Limited       |
|notification obligation:(iii)         |                                       |
+--------------------------------------+---------------------------------------+
|                                      |      Centaurus Small and Mid Cap      |
|                                      |  International Risk Arbitrage Master  |
|                                      |               Fund Ltd                |
|                                      |                                       |
|                                      | Centaurus Global Catalyst Master Fund |
|                                      |                  Ltd                  |
|                                      |                                       |
|                                      |   Prime Capital Master SPC for the    |
|                                      |   account of GOT CEN MAC Segregated   |
|4. Full name of shareholder(s)        |               Portfolio               |
| (if different from 3.):(iv)          |                                       |
|                                      |Centaurus International Risk Arbitrage |
|                                      |            Master Fund Ltd            |
|                                      |                                       |
|                                      |  Lyxor/ Centaurus International Risk  |
|                                      |          Arbitrage Fund Ltd           |
|                                      |                                       |
|                                      |  Nomura Centaurus International Risk  |
|                                      |            Arbitrage Fund             |
|                                      |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |              05-10-2010               |
|reached: v                            |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |              08-10-2010               |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|                  5%                   |
|reached:(vi, vii)                     |                                       |
+--------------------------------------+---------------------------------------+


+---------------------------------------------------------------------------------------+
|8. Notified details:                                                                   |
+---------------------------------------------------------------------------------------+
|A: Voting rights attached to shares (viii, ix)                                         |
+----------+---------------------+------------------------------------------------------+
|Class/type|Situation previous   |Resulting situation after the triggering transaction  |
|of        |to the triggering    |                                                      |
|shares    |transaction          |                                                      |
|          +---------+-----------+------------+---------------+-------------------------+
|if        |Number   |Number     |Number      |Number of      |% of  voting rights (x)  |
|possible  |of       |of         |of shares   |voting         |                         |
|using     |Shares   |Voting     |            |rights         |                         |
|the ISIN  |         |Ri hts     +------------+------+--------+----------------+--------+
|CODE      |         |           |Direct      |Direct|Indirect|Direct          |Indirect|
|          |         |           |            |(xi)  |(xii)   |                |        |
+----------+---------+-----------+------------+------+--------+----------------+--------+
|          |         |           |            |      |        |                |        |
+----------+         |           |            |      |        |                |        |
|          |         |           |            |      |        |                |        |
+----------+---------+-----------+------------+------+--------+----------------+--------+

+---------------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                                    |
+---------------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                                   |
+------------+----------+----------------------+------------------------------+---------+
|Type of     |Expiration|Exercise/             |Number of voting              |% of     |
|financial   |date(xiii)|Conversion Period(xiv)|rights that may be            |voting   |
|instrument  |          |                      |acquired if the               |rights   |
|            |          |                      |instrument is                 |         |
|            |          |                      |exercised/ converted.         |         |
+------------+----------+----------------------+------------------------------+---------+
|CFD         |          |                      |24,261,000                    |7.70%    |
+------------+----------+----------------------+------------------------------+---------+

+---------------------------------------------------------------------------------------+
|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 rights (xix,|
|financial  |price   |date      |Conversion   |rights          |xx)                     |
|instrument |        |(xvii)    |period(xviii)|instrument      |                        |
|           |        |          |             |refers to       |                        |
|           |        |          |             |                |                        |
+-----------+--------+----------+-------------+----------------+----------------+-------+
|           |        |          |             |                |Nominal         |Delta  |
|           |        |          |             |                +----------------+-------+
|           |        |          |             |                |                |       |
+-----------+--------+----------+-------------+----------------+----------------+-------+

+---------------------------------------------------------------------------------------+
|Total (A+B+C)                                                                          |
+---------------------------------+-----------------------------------------------------+
|Number of voting rights          |Percentage of voting rights                          |
+---------------------------------+-----------------------------------------------------+
|24,261,000                       |7.7%                                                 |
+---------------------------------+-----------------------------------------------------+

+--------------------------------------------------------------------------+
|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:            |                 Paul Leary                 |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|                020 78523830                |
+-----------------------------+--------------------------------------------+


[HUG#1460171]








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Source: Intec Telecom Systems Plc via Thomson Reuters ONE