Holding(s) in Company

Intec Telecom Systems PLC
03 December 2002



                  Intec Telecom Plc ("Intec" or the "Company")

                              Notifiable interest

3 December 2002: Mican Limited ("Mican"), a 44.9% shareholder in the Company,
has informed the Board that as a result of historic security arrangements over
all the assets of Mican in connection with a loan from Investec Bank (Mauritius)
Limited, a wholly owned subsidiary of Investec Bank Limited, of South Africa ("
Investec") to Mican (the  "Mican Loan"), Investec appears to have an indirect
interest in 44.9% of the Company's issued share capital which may be notifiable
under Section 198 of the Companies Act 1985, although no such formal
notification has been received.


The Board understands that, following the significant fall in the Company's
share price, in line with that of most other companies in the technology sector,
since the time the Mican Loan was originally taken out and the consequent
reduction in the value of the security held by Investec in respect of the Mican
Loan, Mican has been and continues to be in breach of certain covenants under
the Mican Loan. However, the Board has received confirmation from Investec that
negotiations are on-going between Mican and Investec and that, whilst such
negotiations continue, Investec does not intend taking any further action with
respect to the Mican Loan.

Ends

Enquiries

Intec Telecom Systems PLC
Mike Frayne, Executive Chairman                 [phone]
Kevin Adams, Chief Executive Officer            [phone]
Andrew Rodaway                                  [phone] /[phone]


Cubitt Consulting                               [phone]
Fergus Wylie                                    [e-mail]




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