NOTIFICATION OF MAJOR INTEREST IN SHARES

For filings with the FSA include the annex For filings with issuer exclude the annex +------------------------------------------------+ | TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | +------------------------------------------------+ +----------------------------------------------------+-------------------------+ |1. Identity of the issuer or the underlying issuer | | |of existing shares to which voting rights are |Intec Telecom Systems Plc| |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 | Morgan Stanley | |the notification obligation: | (Institutional Securities and Global | | | Wealth Management) | +---------------------------------------+--------------------------------------+ |4. Full name of shareholder(s) (if |  | |different from 3.): | | +---------------------------------------+--------------------------------------+ |5. Date of the transaction and date on | | |which the threshold is crossed or | 04.11.2010 | |reached: | | +---------------------------------------+--------------------------------------+ |6. Date on which issuer notified: | 09.11.2010 | +---------------------------------------+--------------------------------------+ |7. Threshold(s) that is/are crossed or | 5% | |reached: | | +---------------------------------------+--------------------------------------+ +---------------------------------------------------------------------------------+ |8. Notified details: | +---------------------------------------------------------------------------------+ |A: Voting rights attached to shares | +------------+---------------------+----------------------------------------------+ |Class/type |Situation previous |Resulting situation after the triggering | |of |to the triggering |transaction | |shares |transaction | | |  +----------+----------+----------+-------------------+---------------+ |if possible |Number |Number |Number |Number of voting |% of  voting | |using |Of |Of |of shares |rights |rights | |the ISIN |Shares |Voting +----------+----------+--------+------+--------+ |CODE | |Rights |Direct |Direct |Indirect|Direct|Indirect| +------------+----------+----------+----------+----------+--------+------+--------+ |  |  |  |  |  |  |  |  | |  |  |  |  |  | |  | | |  |  |  |  |  | |  | | |GB0006725062|13,501,537|13,501,537|16,501,537|16,501,537| |5.24% | | +------------+----------+----------+----------+----------+--------+------+--------+ +-------------------------------------------------------------------------+ |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 | +-------------------------+-----------------------------+ |  16,501,537 |  5.24% | +-------------------------+-----------------------------+ +------------------------------------------------------------------------------+ |9. Chain of controlled undertakings through which the voting rights and/or the| |financial instruments are effectively held, if applicable: | +------------------------------------------------------------------------------+ |  | |Morgan Stanley Securities Ltd            | |16,501,537                                    5.24% | +------------------------------------------------------------------------------+ +------------------------------------------------------+ | Proxy Voting: | +-----------------------------------------------+------+ | 10. Name of the proxy holder: |  N/A | +-----------------------------------------------+------+ | 11. Number of voting rights proxy holder will |  N/A | | cease to hold: | | +-----------------------------------------------+------+ | 12. Date on which proxy holder will cease to |  N/A | | hold voting rights: | | +-----------------------------------------------+------+ +-------------------------------+----------------+ | 13. Additional information: |   | +-------------------------------+----------------+ | 14. Contact name: |  David Lindsay | +-------------------------------+----------------+ | 15. Contact telephone number: |  020 7677 5468 | +-------------------------------+----------------+ [HUG#1460591] 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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