Notification of major interests in shares

+------------------------------------------------------------------------------+ |TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | +------------------------------------------------------------------------------+ +----------------------------------------------+-------------------------------+ |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 | YES | +---------------------------------------------------------------------+--------+ |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 |JPMorgan Asset Management Holdings Inc.| |notification obligation: iii | | +--------------------------------------+---------------------------------------+ |4. Full name of shareholder(s) |JPMorgan Asset Management (UK) Limited | |(if different from 3.):iv | | +--------------------------------------+---------------------------------------+ |5. Date of the transaction and date on| | |which the threshold is crossed or | 16 February 2010 | |reached: v | | +--------------------------------------+---------------------------------------+ |6. Date on which issuer notified: | 19 February 2010 | +--------------------------------------+---------------------------------------+ |7. Threshold(s) that is/are crossed or| 5% downwards | |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 |rightsx | |the ISIN | ares |V ting +----------+--------+-----------+------+--------+ |CODE | |Rights |Direct |Directxi|Indirectxii|Direct|Indirect| +------------+----------+-----------+----------+--------+-----------+------+--------+ |GB0006725062|15,306,990|15,306,990 |   |   |14,310,788 |   | 4.57% | +------------+----------+-----------+----------+--------+-----------+------+--------+ |   |   |   |   |   |   |   |   | +------------+----------+-----------+----------+--------+-----------+------+--------+ +-----------------------------------------------------------------------------------+ |B: Qualifying Financial Instruments | +-----------------------------------------------------------------------------------+ |Resulting situation after the triggering transaction | +--------------+----------+---------------------+---------------------+-------------+ |Type of |Expiration|Exercise/ |Number of voting |% of voting | |financial |datexiii |Conversion Periodxiv |rights that may be |rights | |instrument | | |acquired if the | | | | | |instrument is | | | | | |exercised/ converted.| | +--------------+----------+---------------------+---------------------+-------------+ |   |   |   |   |   | +--------------+----------+---------------------+---------------------+-------------+ +-----------------------------------------------------------------------------------+ |C: Financial Instruments with similar economic effect to Qualifying Financial | |Instrumentsxv, xvi | +-----------------------------------------------------------------------------------+ |Resulting situation after the triggering transaction | +-------------+---------+----------+-----------+---------------------+--------------+ |Type of |Exercise |Expiration|Exercise/ |Number of voting |% of voting | |financial |price |datexvii |Conversion |rights instrument |rightsxix, xx | |instrument | | |periodxviii|refers to |  | | | | | |  | | +-------------+---------+----------+-----------+---------------------+-------+------+ |Contract for | | | |   |Nominal|Delta | | Difference | 610,918 |   |   |   +-------+------+ | | | | | | 0.20 |   | +-------------+---------+----------+-----------+---------------------+-------+------+ +-----------------------------------------------------------------------------------+ |Total (A+B+C) | +------------------------------------+----------------------------------------------+ |Number of voting rights |Percentage of voting rights | +------------------------------------+----------------------------------------------+ |14,921,706 |4.77% | +------------------------------------+----------------------------------------------+ +------------------------------------------------------------------------------+ |9. Chain of controlled undertakings through which the voting rights and/or the| |financial instruments are effectively held, if applicable:xxi | +------------------------------------------------------------------------------+ |Total disclosable holding for JPMorgan Asset Management Holdings Inc: | |14,921,706 (4.77%) | |  | |JPMorgan Asset Management (UK) Limited: 14,921,706 (4.77%) | |  | +------------------------------------------------------------------------------+ +------------------------------------------------------------------------------+ |Proxy Voting: | +------------------------------------------------+-----------------------------+ |10. Name of the proxy holder: | N/A | +------------------------------------------------+-----------------------------+ |11. Number of voting rights proxy holder will | | |cease | N/A | |to hold: | | +------------------------------------------------+-----------------------------+ |12. Date on which proxy holder will cease to | | |hold | N/A | |voting rights: | | +------------------------------------------------+-----------------------------+ +-----------------------------+------------------------------------------------+ | |  | |13. Additional information: |N/A | +-----------------------------+------------------------------------------------+ |14. Contact name: |Miss Jay Supaya | +-----------------------------+------------------------------------------------+ |15. Contact telephone number:|020 7325 4513 | +-----------------------------+------------------------------------------------+ [HUG#1387164]
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