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(i) | +---------------------------------------------+--------------------------------+   | +---------------------------------------------+--------------------------------+ |1. Identity of the issuer or the underlying | | |issuer | Intec Telecom Systems PLC | |of existing 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 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| X | |to qualifying financial instruments | | +----------------------------------------------------------------------+-------+ |An event changing the breakdown of voting rights | | +-----------------------+----------------------------------------------+-------+ |Other (please specify):|  | | +-----------------------+--------------+-------------------------------+-------+ |3. Full name of person(s) subject to | | |the | BlackRock, Inc. | |notification obligation:(iii) | | +--------------------------------------+---------------------------------------+ |4. Full name of shareholder(s) |   | | (if different from 3.):(iv) | | +-----------------------+--------------++-----+------------------------+-------+ +----------------------------------------+----------------------------+ | 5. Date of the transaction and date on | | | which the threshold is crossed or | 26(th) July 2010 | | reached:(v) | | +----------------------------------------+----------------------------+ | 6. Date on which issuer notified: | 28(th) July 2010 | +----------------------------------------+----------------------------+ | 7. Threshold(s) that is/are crossed or | Holding has gone below 11% | | 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 | | | +----------+-----------+------------+-----------------+---------------+ |if possible |Number |Number |Number |Number of voting |% of  voting | |using |of |of |of shares |rights |rights (x) | |the ISIN | ares |V ting +------------+------+----------+------+--------+ |CODE | |Rights |Direct |Direct|Indirect |Direct|Indirect| | | | | |(xi) |(xii) | | | +------------+----------+-----------+------------+------+----------+------+--------+ |GB0006725062|25,655,797|25,655,797 |N/A |N/A |25,488,788|N/A |8.10% | +------------+----------+-----------+------------+------+----------+------+--------+ +----------------------------------------------------------------------------------+ |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. | | +--------------+----------+-----------------------+------------------+-------------+ |  |  |  |  |  | +--------------+----------+-----------------------+------------------+-------------+ +----------------------------------------------------------------------------------+ |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 | |CFD |N/A |N/A |N/A |8,360,215 +-------+------+ | | | | | |2.66% |2.66% | +-------------+---------+----------+-------------+------------------+-------+------+ +----------------------------------------------------------------------------------+ |Total (A+B+C) | +------------------------------------+---------------------------------------------+ |Number of voting rights |Percentage of voting rights | +------------------------------------+---------------------------------------------+ |33,849,003 |10.75% | +------------+++--------+-+--------+++-----------++-----+----------+++----+-+------+ +------------------------------------------------------------------------------+ |9. Chain of controlled undertakings through which the voting rights and/or the| |financial instruments are effectively held, if applicable:(xxi) | +------------------------------------------------------------------------------+ |  | |BlackRock Investment Management (UK) Limited - 33,849,003 (10.75%) | +------------------------------------------------------------------------------+ +------------------------------------------------------------------------------+ |Proxy Voting: | +-------------------------------------------------+----------------------------+ |10. Name of the proxy holder: |  | +-------------------------------------------------+----------------------------+ |11. Number of voting rights proxy holder will | | |cease |  | |to hold: | | +-------------------------------------------------+----------------------------+ |12. Date on which proxy holder will cease to hold|  | |voting rights: | | +-------------------------------------------------+----------------------------+ +-----------------------------+------------------------------------------------+ | |BlackRock Threshold Monitoring Team | |13. Additional information: | | +-----------------------------+------------------------------------------------+ |14. Contact name: |Stuart Watchorn | +-----------------------------+------------------------------------------------+ |15. Contact telephone number:|020 7743 5741; stuart.watchorn@blackrock.com | +-----------------------------+-------------------+----------------------------+ Note: Annex should only be submitted to the FSA not the issuer -------------------------------------------------------------------------------- Annex: Notification of major interests in shares(xxii) -------------------------------------------------------------------------------- +------------------------------------------------------------------------------+ |A: Identity of the persons or legal entity subject to the notification | |obligation | +---------------------------------+--------------------------------------------+ |Full name | | |(including legal form of legal |BlackRock, Inc. | |entities) | | |  | | +---------------------------------+--------------------------------------------+ |Contact address | | |(registered office for legal |33 King William Street, London, EC4R 9AS | |entities) | | |  | | +---------------------------------+--------------------------------------------+ |Phone number & email |020 7743 5741; stuart.watchorn@blackrock.com| |  | | +---------------------------------+--------------------------------------------+ |Other useful information | | |(at least legal representative |Stuart Watchorn | |for legal persons) | | |  | | +---------------------------------+--------------------------------------------+   | +---------------------------------+--------------------------------------------+ |B: Identity of the notifier, if applicable | +---------------------------------+--------------------------------------------+ |Full name |  | |  | | +---------------------------------+--------------------------------------------+ |Contact address |  | |  | | +---------------------------------+--------------------------------------------+ |Phone number & email |  | |  | | +---------------------------------+--------------------------------------------+ |Other useful information | | |(e.g. functional relationship | | |with the person or legal entity |  | |subject to the notification | | |obligation) | | +---------------------------------+--------------------------------------------+ +------------------------------------------------------------------------------+ |C: Additional information | +------------------------------------------------------------------------------+ |  | +------------------------------------------------------------------------------+ For notes on how to complete form TR-1 please see the FSA website. [HUG#1434750] 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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