+-------------------------------------------------------------------+
| |
|-------------------------------------------------------------------|
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
|-------------------------------------------------------------------|
| | |
|--------------------------------------------+----------------------|
| 1. Identity of the issuer or the | |
| underlying issuer | INTEC TELECOM |
| of existing shares to which voting rights | SYSTEMS PLC |
| 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): | | |
|-------------------------------------------------------------------|
| | GAP (BERMUDA) LIMITED |
| 3. Full name of person(s) subject | GENERAL ATLANTIC GENPAR |
| to the | (BERMUDA), L.P. |
| notification obligation: iii | GENERAL ATLANTIC PARTNERS |
| | (BERMUDA), L.P. |
| | |
|-----------------------------------+-------------------------------|
| 4. Full name of shareholder(s) | GENERAL ATLANTIC PARTNERS |
| (if different from 3.):iv | (BERMUDA), L.P. |
| | |
|-----------------------------------+-------------------------------|
| 5. Date of the transaction and | |
| date on | 2 December 2009 |
| which the threshold is crossed or | |
| reached: v | |
|-----------------------------------+-------------------------------|
| 6. Date on which issuer notified: | 4 December 2009 |
|-----------------------------------+-------------------------------|
| 7. Threshold(s) that is/are | 12% (from 22.83% to 11.02%) |
| crossed or | |
| reached: vi, vii | |
+-------------------------------------------------------------------+
+----------------------------------------------------------------------------------------------------------+
|8. Notified details: |
|----------------------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares viii, ix |
|----------------------------------------------------------------------------------------------------------|
|Class/type of |Situation previous |Resulting situation after the triggering transaction |
|shares |to the triggering | |
|Ordinary shares of|transaction | |
|1p each |------------------------------+--------------------------------------------------------|
|ISIN GB0006725062 |Number |Number |Number |Number of voting |% of voting rights x|
| |of |of |of shares |rights | |
| |Shares |Voting |----------+-----------------------+---------------------|
| | |Rights |Direct |Direct xi |Indirect xii|Direct |Indirect |
|------------------+-----------------+------------+----------+----------+------------+----------+----------|
|In respect of each| | | | | | | |
|of GAP (Bermuda) | | | | | | | |
|Limited and |70,575,504 |70,575,504 | | |34,063,669 | |11.02% |
|General Atlantic | | | | | | | |
|GenPar (Bermuda), | | | | | | | |
|L.P. | | | | | | | |
|------------------+-----------------+------------+----------+----------+------------+----------+----------|
| | | | | | | | |
|In respect of | | | | | | | |
|General Atlantic |70,575,504 |70,575,504 |34,063,669|34,063,669| |11.02% | |
|Partners | | | | | | | |
|(Bermuda), L.P. | | | | | | | |
| | | | | | | | |
|----------------------------------------------------------------------------------------------------------|
| |
|----------------------------------------------------------------------------------------------------------|
|B: Qualifying Financial Instruments |
|----------------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction |
|----------------------------------------------------------------------------------------------------------|
|Type of financial |Expiration |Exercise/ |Number of voting |% of voting |
|instrument |date xiii |Conversion Period xiv |rights that may be |rights |
| | | |acquired if the | |
| | | |instrument is | |
| | | |exercised/ converted. | |
|---------------------------+--------------+-----------------------+------------------------+--------------|
|N/A | | | | |
|----------------------------------------------------------------------------------------------------------|
| |
|----------------------------------------------------------------------------------------------------------|
|C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
|----------------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction |
|----------------------------------------------------------------------------------------------------------|
|Type of financial |Exercise price |Expiration|Exercise/ |Number of voting rights |% of voting rights|
|instrument | |date xvii |Conversion |instrument refers to |xix, xx |
| | | |period xviii| | |
|-------------------+----------------+----------+------------+--------------------------+------------------|
| | | | | |Nominal |Delta |
|N/A | | | | |----------+-------|
| | | | | | | |
|----------------------------------------------------------------------------------------------------------|
| |
|----------------------------------------------------------------------------------------------------------|
|Total (A+B+C) |
|----------------------------------------------------------------------------------------------------------|
|Number of voting rights |Percentage of voting rights |
|-------------------------------------------------------+--------------------------------------------------|
|In respect of each of General Atlantic Partners | |
|(Bermuda), L.P., GAP (Bermuda) Limited and General |11.02% |
|Atlantic GenPar (Bermuda), L.P..: | |
|34,063,669 | |
+----------------------------------------------------------------------------------------------------------+
+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting |
| rights and/or the |
| financial instruments are effectively held, if applicable: xxi |
|-------------------------------------------------------------------|
| |
| General Atlantic Partners (Bermuda), L.P. is controlled by its |
| general partner General Atlantic GenPar (Bermuda), L.P. which in |
| turn is controlled by its general partner GAP (Bermuda) Limited. |
| |
| |
|-------------------------------------------------------------------|
| |
|-------------------------------------------------------------------|
| Proxy Voting: |
|-------------------------------------------------------------------|
| 10. Name of the proxy holder: | N/A |
|---------------------------------------------------------+---------|
| 11. Number of voting rights proxy holder will cease | N/A |
| to hold: | |
|---------------------------------------------------------+---------|
| 12. Date on which proxy holder will cease to hold | N/A |
| voting rights: | |
|-------------------------------------------------------------------|
| |
|-------------------------------------------------------------------|
| 13. Additional information: | N/A |
|-------------------------------------------+-----------------------|
| 14. Contact name: | Caroline Speller |
|-------------------------------------------+-----------------------|
| 15. Contact telephone number: | 01483 745854 |
+-------------------------------------------------------------------+
---END OF MESSAGE---
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