Notification of Major Interest in Shares

+----------------------------------------------------------------------------------------+ |TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | +-----------------+----------------------------------------------------------------------+   | +-----------------+----------------------------------------------------------------------+ |1. Identity of | | |the issuer or the| | |underlying issuer| | |of existing | INTEC TELECOM SYSTEMS PLC | |shares to which | | |voting rights are| | |attached:(ii) | | +-----------------+----------------------------------------------------------------------+ |2 Reason for the notification (please tick the appropriate box or boxes): | +------------------+---------------------------------------------------------------------+ |An acquisition or | | |disposal of voting| Yes | |rights | | +------------------+---------------------------------------------------------------------+ |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 | Aberforth Partners LLP | |notification | | |obligation:(iii)| | +----------------+-----------------------------------------------------------------------+ | |Shareholder                                                            | |4. Full name of |Shares | |shareholder(s) | | | (if different |1 Aberforth Smaller Companies Trust plc            11,834,993 | |from 3.):(iv) | | | |2 Aberforth UK small Companies Fund                 3,909,400 | +----------------+-----------------------------------------------------------------------+ |5. Date of the | | |transaction and | | |date on | | |which the | 22/10/10 | |threshold is | | |crossed or | | |reached:(v) | | +----------------+-----------------------------------------------------------------------+ |6. Date on which| 25/10/10 | |issuer notified:| | +----------------+-----------------------------------------------------------------------+ |7. Threshold(s) | | |that is/are | | |crossed or | 5% | |reached:(vi, | | |vii) | | +---------+------+++---------------------------------------------------------------------+ | ||| +-----------------------------------------------------------------------------------+ |8. Notified details: | +-----------------------------------------------------------------------------------+ |A: Voting rights attached to shares (viii, ix) | +------------+----------------------+-----------------------------------------------+ |Class/type |Situation previous |Resulting situation after the triggering | |of |to the triggering |transaction | |shares |transaction | | | +----------+-----------+-------------+-----------------+---------------+ | |Number |Number |Number |Number of voting |% of  voting | |if possible |of |of |of shares |rights |rights (x) | |using | ares |V ting +-------------+------+----------+------+--------+ |the ISIN | |Rights |  |Direct|Indirect |Direct|Indirect| |CODE | | | |(xi) |(xii) | | | +------------+----------+-----------+-------------+------+----------+------+--------+ |GB0006725062|15,990,460|15,990,460 | 15,744,393 | N/A |15,744,393| N/A | 4.99 | +------------+----------+-----------+-------------+------+----------+------+--------+ +-----------------------------------------------------------------------------------+ |B: Qualifying Financial Instruments | +-----------------------------------------------------------------------------------+ |Resulting situation after the triggering transaction | +--------------+----------+------------------------+------------------+-------------+ |Type of |Expiration|Exercise/ |Number of voting |% of voting | |financial |date(xiii)|Conversion Period(xiv) |rights that may be|rights | |instrument | | |acquired if the | | | | | |instrument is | | | | | |exercised/ | | | | | |converted. | | +--------------+----------+------------------------+------------------+-------------+ |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 |Exercise |Expiration|Exercise/ |Number of voting |% of voting | |financial |price |date |Conversion |rights instrument |rights (xix, | |instrument | |(xvii) |period(xviii)|refers to |xx) | | | | | | | | | | | | |  |  | +-------------+---------+----------+-------------+-------------------+-------+------+ | | | | | |Nominal|Delta | |N/A |N/A |N/A |N/A |N/A +-------+------+ | | | | | |N/A |N/A | +-------------+---------+----------+-------------+-------------------+-------+------+ +-----------------------------------------------------------------------------------+ |Total (A+B+C) | +------------------------------------+----------------------------------------------+ |Number of voting rights |Percentage of voting rights | +------------------------------------+----------------------------------------------+ |   |   | | | | | 15,744,393 | 5.00 | | | | |  |   | +------------+++--------+-+--------+++-----------+++-----+----------+++----+-+------+ ||| | | ||| ||| | ||| | | +--------------------------------------------------------------------------+ |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: |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: | | +-----------------------------+--------------------------------------------+ |14. Contact name: |Pauline Robson, Aberforth Partners LLP | +-----------------------------+--------------------------------------------+ |15. Contact telephone number:|0131 220 0733  | +-----------------------------+-------------------+------------------------+ | | +------------------------------------------------------------------------------+ |Annex: Notification of major interests in shares | +------------------------------------------------------------------------------+ |A: Identity of the persons or legal entity subject to the notification | |obligation  | +------------------------------------------------------------------------------+ +------------------------------------+-----------------------------------------+ |Full name |Aberforth Partners LLP  | | | | |(Including legal form of legal |  | |entities) | | +------------------------------------+-----------------------------------------+ | |Contact: | | |14 Melville Street, Edinburgh, EH3 7NS | |Contact address: |Registered Office: | | |Royal London House, 22-15 Finsbury Square| | |London EC2A 1DX | +------------------------------------+-----------------------------------------+ |Phone Number & email |0131 220 0733 | | |David.holland@aberforth.co.uk | +------------------------------------+-----------------------------------------+ |Other useful information | | | |Contact: David Holland | |(at least legal representative legal| | |persons) | | +------------------------------------+-----------------------------------------+ |B: Identity of the notifier, if applicable | +------------------------------------+-----------------------------------------+ |Full name |As above | +------------------------------------+-----------------------------------------+ |Contact address |As above | +------------------------------------+-----------------------------------------+ |Phone number & email |As above | +------------------------------------+-----------------------------------------+ |Other useful information | | | | | |(e.g. functional relationship with |As above | |the person or legal entity subject | | |to the notification obligation) | | +------------------------------------+-----------------------------------------+ +---------------------------+ | C: Additional information | +---------------------------+ | None | +---------------------------+ [HUG#1455076] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Intec Telecom Systems Plc via Thomson Reuters ONE
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