Holding(s) in Company

Fairpoint Group PLC
10 January 2008



For filings with the FSA include the annex
For filings with issuer exclude the annex


TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which 
voting rights are attached:

FAIRPOINT GROUP PLC

2. Reason for notification 
(please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights:                               (X )

An acquisition or disposal of financial instruments which may result in the 
acquisition of shares already issued to which voting rights are attached:  (  )

An event changing the breakdown of voting rights:                          (  )

Other (please specify) :                                                   (  )


3. Full name of person(s) subject to notification obligation:

FIDELITY INTERNATIONAL LIMITED  (FIL)

4. Full name of shareholder(s) (if different from 3) :

SEE SCHEDULE BELOW

5. Date of transaction (and date on which the threshold is crossed or reached 
if different):

04 JANUARY 2008

6. Date on which issuer notified:

08 JANUARY 2008

7. Threshold(s) that is/are crossed or reached:

5%

8. Notified Details:

A: Voting rights attached to shares
 
Class/type of shares              Situation previous to  
if possible use                 the Triggering transaction                
ISIN CODE                       
                       Number of shares       Number of voting Rights 
GB0032360280           2,720,712              2,720,712


 

                            Resulting situation after the triggering transaction 
 
Class/type of shares   Number of shares  Number of voting rights    % of voting rights  
if possible use                                                                 
ISIN CODE                                Direct     Indirect        Direct    Indirect  
                                                    1,062,310                 2.50%

 

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of     Expiration date  Exercise/conversion  No. of voting     % of voting     
financial                    period/date          rights that may   rights          
instrument                                        be acquired (if                       
                                                  the instrument                         
                                                  exercised/
                                                  converted)                           

 

Total (A+B)
Number of voting rights       % of voting rights 
1,062,310                     2.50%

 

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

SEE SCHEDULE BELOW
 


Proxy Voting:

 
10. Name of proxy holder:

FIDELITY INTERNATIONAL LIMITED (FIL)
 

11. Number of voting rights proxy holder will cease to hold:

1,658,402 SHARES
 

12. Date on which proxy holder will cease to hold voting rights:

04 JANUARY 2008
 

13. Additional information:


 

14. Contact name:

DAVID MERRYWEATHER
 

15. Contact telephone number:



Issuer Name:                               FAIRPOINT GROUP PLC

Current Ownership percentage:                            2.50%
Total Shares held                                    1,062,310
Issued share capital                                42,411,379

SHARES HELD                      NOMINEE
213,000                          JP MORGAN BOURNEMOUTH
 88,610                          JP MORGAN BOURNEMOUTH
111,900                          JP MORGAN BOURNEMOUTH
479,200                          NORTHERN TRUST LONDON
169,600                          STATE STR BK AND TR CO LNDN (S) 


Fidelity International Limited (FIL) is the parent holding company for various 
direct and indirect subsidiaries, including Fidelity Fund Management Limited 
(FFML), Fidelity Investment Services Limited (FISL), Fidelity Gestion (FIGEST)
Fidelity Investments Advisory (Korea) Limited (FIAKL), Fidelity Investments 
Management (Hong Kong) Limited (FIMHK), Fidelity Pension Management (FPM),
Fidelity Investments Japan (FIJ), and Fidelity Investments International (FII),
Investment Managers for various non-US investment companies and institutional 
clients.

                      This information is provided by RNS
            The company news service from the London Stock Exchange