Notification of Major Interest in Shares

For filings with the FSA include the   |
 annex                                  |
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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      |        |
|effect to qualifying                                                 |   X    |
|financial instruments                                                |        |
+---------------------------------------------------------------------+--------+
|An event changing the breakdown of voting rights                     |        |
+-------------+-------------------------------------------------------+--------+
|Other (please|                                                       |        |
|specify):    |                                                       |        |
+-------------+------------------------+------------------------------+--------+
|                                      |         Sandell Asset Management Corp.|
|                                      |                                       |
|                                      |                         Thomas Sandell|
|3. Full name of person(s) subject to  |                                       |
|the                                   |      Castlerigg Master Investments Ltd|
|notification obligation:(iii)         |                                       |
|                                      |    Castlerigg Merger Arbitrage Master,|
|                                      |                                   Ltd.|
|                                      |                                       |
|                                      | Castlerigg Merger Arbitrage UCITS Fund|
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |                                    N/A|
| (if different from 3.):(iv)          |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |                    4(th) November 2010|
|reached:(v)                           |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |                    8(th) November 2010|
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|             Holding increased above 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        |Number        |Number         |Number      |Number of      |% of  voting   |
|possible  |of            |of             |of shares   |voting         |rights (x)     |
|using     |Shares        |Voting         |            |rights         |               |
|the ISIN  |              | ights         +------------+------+--------+------+--------+
|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 voting  |
|financial   |date(xiii)   |Conversion Period(xiv)      |rights that may |rights       |
|instrument  |             |                            |be              |             |
|            |             |                            |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(xvii)    |Conversion   |rights          |rights (xix,  |
|instrument |             |              |period(xviii)|instrument      |xx)           |
|           |             |              |             |refers to       |              |
+-----------+-------------+--------------+-------------+----------------+-------+------+
|Contracts  |             |              |             |                |Nominal|Delta |
|for        |0.7129-0.7175|12/2010-1/2015|N/A          |20,479,501      +-------+------+
|difference |             |              |             |                |6.50%  |N/A   |
+-----------+-------------+--------------+-------------+----------------+-------+------+

+--------------------------------------------------------------------------------------+
|Total (A+B+C)                                                                         |
+------------------------------------------+-------------------------------------------+
|Number of voting rights                   |Percentage of voting rights                |
+------------------------------------------+-------------------------------------------+
|20,479,501                                |6.50%                                      |
+----------+++------------++-------------+++-----------++-----+--------+++----+-+------+


+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable:(xxi)               |
+------------------------------------------------------------------------------+
|                                                                              |
|Sandell Asset Management Corp. ("SAMC") beneficially owns the securities      |
|reported herein through Castlerigg Master Investments Ltd ("Castlerigg Master |
|Investments"), Castlerigg Merger Arbitrage Master, Ltd ("Castlerigg Merger    |
|Arbitrage Master") and Castlerigg Merger Arbitrage UCITS Fund ("Castlerigg    |
|Merger Arbitrage UCITS").  Castlerigg Master Investments, Castlerigg Merger   |
|Arbitrage Master, and Castlerigg Merger Arbitrage UCITS directly own the      |
|securities reported herein.                                                   |
|                                                                              |
|SAMC is the investment manager of Castlerigg Master Investments, Castlerigg   |
|Merger Arbitrage Master, and Castlerigg Merger Arbitrage UCITS.  Thomas       |
|Sandell is the controlling person of SAMC and may be deemed to share          |
|beneficial ownership of the shares beneficially owned by Castlerigg Master    |
|Investments, Castlerigg Merger Arbitrage Master, Castlerigg Merger Arbitrage  |
|UCITS and SAMC.                                                               |
+------------------------------------------------------------------------------+

+------------------------------------------------------------------------------+
|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:            |                                   Lee Iannarone|
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|                                    212-603-5859|
+-----------------------------+------------------------------------------------+


[HUG#1460264]








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Source: Intec Telecom Systems Plc via Thomson Reuters ONE