PayPoint plc : Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii			PayPoint Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
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 notification obligation:iii		Troy Asset Management Limited acting as discretionary manager for CHATO / TOCLT, Trojan Income Fund, Trojan Capital Fund and the Trojan Income and Growth Trust
4. Full name of shareholder(s)  (if different from 3.):iv		Pershing nominees (designation CHATO/ TOCLT) Bank of New York nominees limited (designation 392511) a/c Trojan Income Fund 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 reached:v		27/09/2013
6. Date on which issuer notified:		30/09/2013
7. Threshold(s) that is/are crossed or reached: vi, vii		5, 4, 3%

8. Notified details:

A: Voting rights attached to sharesviii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B02QND93

3,764,008

3,764,008

600,000

600,000

n.a.

0.88%

n.a.

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

n/a

n/a

n/a

n/a

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

n/a

n/a

n/a

n/a

n/a

Nominal

Delta

n/a

n/a

Total (A+B+C)

Number of voting rights

Percentage of voting rights

600,000

0.88%

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 7499 4030

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Source: PayPoint plc via Thomson Reuters ONE

HUG#1732351