Holding(s) in Company

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

+-------------------------------------------------------+----------------------+
|1. Identity of the issuer or the underlying issuer of  |  Quadnetics Group plc|
|existing shares to which voting rights are attached:   |                      |
+-------------------------------------------------------+----------------------+

+------------------------------------------------------------------------------+
|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| BT Pension Scheme Trustees Limited  |
|notification obligation:                |as trustee of the BT Pension Scheme. |
|                                        |See Section 9 for further            |
|                                        |information.                         |
+----------------------------------------+-------------------------------------+
|4. Full name of shareholder(s) (if      | N/A                                 |
|different from 3.):                     |                                     |
|                                        |                                     |
+----------------------------------------+-------------------------------------+
|5. Date of the transaction and date on  | 20 October 2010                     |
|which the threshold is crossed or       |                                     |
|reached:                                |                                     |
|                                        |                                     |
+----------------------------------------+-------------------------------------+
|6. Date on which issuer notified:       | 21 October 2010                     |
|                                        |                                     |
+----------------------------------------+-------------------------------------+
|7. Threshold(s) that is/are crossed or  | 4%                                  |
|reached:                                |                                     |
|                                        |                                     |
+----------------------------------------+-------------------------------------+

+------------------------------------------------------------------------------+
|8. Notified details:                                                          |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                           |
|                                                                              |
+----------------+----------------+--------------------------------------------+
|Class/type of   |Situation       |Resulting situation after the triggering    |
|shares          |previous        |transaction                                 |
|                |to the          |                                            |
|if possible     |triggering      |                                            |
|using           |transaction     |                                            |
|the ISIN CODE   +-------+--------+---------+----------------+-----------------+
|                |Number |Number  |Number   |Number of voting|% of  voting     |
|                |of     |of      |of shares|rights          |rights           |
|                |Shares |Voting  +---------+-------+--------+------+----------+
|                |       |Rights  |Direct   |Direct |Indirect|Direct|Indirect  |
+----------------+-------+--------+---------+-------+--------+------+----------+
|0715683         |       |        |         |       |        |      |          |
|GB0007156838    |906,815|906,815 |756,815  |756,815| N/A    |4.307%|N/A       |
|                |       |        |         |       |        |      |          |
|                |       |        |         |       |        |      |          |
+----------------+-------+--------+---------+-------+--------+------+----------+

+-------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                      |
+-------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                     |
|                                                                         |
+-----------------+----------+----------+---------------------+-----------+
|Type of financial|Expiration|Exercise/ |Number of voting     |% of voting|
|instrument       |date      |Conversion|rights that may be   |rights     |
|                 |          |Period    |acquired if the      |           |
|                 |          |          |instrument is        |           |
|                 |          |          |exercised/ converted.|           |
|                 |          |          |                     |           |
+-----------------+----------+----------+---------------------+-----------+
|                 |          |          |                     |           |
+-----------------+----------+----------+---------------------+-----------+

+------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial |
|Instruments                                                                   |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
|                                                                              |
+---------------+--------+----------+----------+--------------+----------------+
|Type of        |Exercise|Expiration|Exercise/ |Number of     |% of voting     |
|financial      |price   |date      |Conversion|voting        |rights          |
|instrument     |        |          |period    |rights        |                |
|               |        |          |          |instrument    |                |
|               |        |          |          |refers to     |                |
+---------------+--------+----------+----------+--------------+-------+--------+
|               |        |          |          |              |Nominal| Delta  |
|               |        |          |          |              |       |        |
|               |        |          |          |              +-------+--------+
|               |        |          |          |              |       |        |
+---------------+--------+----------+----------+--------------+-------+--------+

+-------------------------------------------------------+
| Total (A+B+C)                                         |
|                                                       |
+-------------------------+-----------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------+-----------------------------+
| 756,815                 | 4.307%                      |
+-------------------------+-----------------------------+

+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable:                    |
+------------------------------------------------------------------------------+
| N/A                                                                          |


+------------------------------------------------------------------------------+
|Proxy Voting:                                                                 |
|                                                                              |
+---------------------------------------------------+--------------------------+
|10. Name of the proxy holder:                      | See Comment in Section 13|
|                                                   |                          |
+---------------------------------------------------+--------------------------+
|11. Number of voting rights proxy holder will cease| See Comment in Section 13|
|to hold:                                           |                          |
|                                                   |                          |
+---------------------------------------------------+--------------------------+
|12. Date on which proxy holder will cease to hold  | See Comment in Section 13|
|voting rights:                                     |                          |
|                                                   |                          |
+---------------------------------------------------+--------------------------+

+-----------------------------+------------------------------------------------+
|13. Additional information:  |This disclosure is made by BT Pension Scheme    |
|                             |Trustees Limited as trustee of the BT Pensions  |
|                             |Scheme, which is the ultimate parent undertaking|
|                             |for the purposes of DTR 5.2.1(e)                |
+-----------------------------+------------------------------------------------+
|14. Contact name:            | Valerie Davidson ([e-mail])     |
|                             |                                                |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:| 020 7680 2177                                  |
|                             |                                                |
+-----------------------------+------------------------------------------------+



[HUG#1454173]








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