Holding(s) in Company

+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                               |
+------------------------------------------------------------------------------+

+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying   |                               |
|issuer                                        |PayPoint 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                                   |Troy Asset Management Limited          |
|notification obligation: iii          |                                       |
+--------------------------------------+---------------------------------------+
|                                      |Adam & Company nominees a/c Troy       |
|                                      |Bank of New York nominees limited      |
|                                      |(designation 392511) a.c Trojan Income |
|4. Full name of shareholder(s)        |Fund                                   |
|(if different from 3.):iv             |Bank of New York nominees limited      |
|                                      |(designation 392508) a.c Trojan Capital|
|                                      |Fund                                   |
|                                      |HSBC Global Custody Nominee (UK)       |
|                                      |Limited a.c Troy Income & Growth Trust |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |16th March 2010                        |
|reached: v                            |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |17th March 2010                        |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|11% crossed                            |
|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 voting  |% of  voting   |
|possible  |of       |of         |of shares |rights            |rights x       |
|using     |  ares   |Vo ing     +----------+---------+--------+------+--------+
|the ISIN  |         |Rights     |Direct    |Direct xi|Indirect|Direct|Indirect|
|CODE      |         |           |          |         |xii     |      |        |
+----------+---------+-----------+----------+---------+--------+------+--------+
|          |         |           |          |         |        |      |        |
|          |6,909,008|6,909,008  |7,909,008 |7,909,008|n.a.    |11.69%|n.a.    |
|          |         |           |          |         |        |      |        |
+----------+---------+-----------+----------+---------+--------+------+--------+

+------------------------------------------------------------------------------+
|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 |
|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 instrument  |rights xix, xx|
|instrument |        |          |periodxviii|refers to          |              |
|           |        |          |           |                   |              |
+-----------+--------+----------+-----------+-------------------+-------+------+
|           |        |          |           |                   |Nominal|Delta |
|           |        |          |           |                   +-------+------+
|           |        |          |           |                   |       |      |
+-----------+--------+----------+-----------+-------------------+-------+------+

+------------------------------------------------------------------------------+
|Total (A+B+C)                                                                 |
+---------------------------------+--------------------------------------------+
|Number of voting rights          |Percentage of voting rights                 |
+---------------------------------+--------------------------------------------+
|7,909,008                        |11.69%                                      |
+---------------------------------+--------------------------------------------+

+--------------------------------------------------------------------------+
|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:            |Sebastian Lyon                              |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|020 7290 7840                               |
+-----------------------------+--------------------------------------------+


 Note: Annex should only be submitted to the FSA not the issuer

 Annex: Notification of major interests in sharesxxii


+------------------------------------------------------------------------------+
|A: Identity of the persons or legal entity subject to the notification        |
|obligation                                                                    |
+---------------------------------------+--------------------------------------+
|Full name                              |                                      |
|(including legal form of legal         |Ms Susan Court                        |
|entities)                              |                                      |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Contact address                        |1 The Boulevard, Shire Park, Welwyn   |
|(registered office for legal entities) |Garden City, Hertfordshire, AL7 IEL   |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Phone number & email                   |01707 600 300                         |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Other useful information               |                                      |
|(at least legal representative for     |                                      |
|legal persons)                         |                                      |
|                                       |                                      |
+---------------------------------------+--------------------------------------+

+------------------------------------------------------------------------------+
|B: Identity of the notifier, if applicable                                    |
+---------------------------------------+--------------------------------------+
|Full name                              |Sebastian Lyon                        |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Contact address                        |Brookfield House, 44 Davies Street,   |
|                                       |London, W1K 5JA                       |
+---------------------------------------+--------------------------------------+
|Phone number & email                   |020 7290 7840  [e-mail]          |
|                                       |                                      |
+---------------------------------------+--------------------------------------+
|Other useful information               |                                      |
|(e.g. functional relationship with the |                                      |
|person or legal entity subject to the  |                                      |
|notification obligation)               |                                      |
+---------------------------------------+--------------------------------------+

+------------------------------------------------------------------------------+
|C: Additional information                                                     |
+------------------------------------------------------------------------------+
|                                                                              |
+------------------------------------------------------------------------------+
 For notes on how to complete form TR-1 please see the FSA website.




[HUG#1395006]