+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) |
+----------------------------------------------+-------------------------------+
 |
+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying |PAYPOINT PLC |
|issuer | |
|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 |Yes |
+------------------------------------------------------------------+-----------+
|An acquisition or disposal of qualifying financial instruments | |
|which may result in the acquisition of shares already issued to | Â |
|which voting rights are attached | |
+------------------------------------------------------------------+-----------+
|An acquisition or disposal of instruments with similar economic | Â |
|effect to qualifying financial instruments | |
+------------------------------------------------------------------+-----------+
|An event changing the breakdown of voting rights |Â |
+-----------------------+------------------------------------------+-----------+
|Other (please specify):|Â | Â |
+-----------------------+--------------+---------------------------+-----------+
|3. Full name of person(s) subject to |Artemis Investment Management Limited |
|the | |
|notification obligation:(iii) | |
+--------------------------------------+---------------------------------------+
| |Artemis UK Special Situations Fund |
| |Institutional Special Situations |
| |Pearson |
|4. Full name of shareholder(s) |Akzo Nobel Pension Scheme |
|Â (if different from 3.):(iv) |Barclays UK Alpha |
| |L&G(Barclays) MM Alpha Fund |
| |L&G(Barclays) Series2 MM Alpha Fund |
| |Witan Investment Trust |
| |Â |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|17 June 2010 |
|which the threshold is crossed or | |
|reached: v | |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified: |18 June 2010 |
+--------------------------------------+---------------------------------------+
|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 | |
| +---------+-----------+------------+------------------+---------------+
|if possible |Number |Number |Number |Number of voting |% of voting |
|using |of |of |of shares |rights |rights (x) |
|the ISIN | ares |Vo ing +------------+---------+--------+------+--------+
|CODE | |Rights |Direct |Direct |Indirect|Direct|Indirect|
| | | | |(xi) |(xii) | | |
+------------+---------+-----------+------------+---------+--------+------+--------+
|GB00B02QND93|3,569,617|3,569,617 |3,369,617 |3,369,617| |4.98% | |
+------------+ | | | |Â | |Â |
|Â | | | | | | | |
+------------+---------+-----------+------------+---------+--------+------+--------+
+----------------------------------------------------------------------------------+
|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. | |
+--------------+----------+----------------------+-------------------+-------------+
|Â |Â |Â |Â |Â |
+--------------+----------+----------------------+-------------------+-------------+
+----------------------------------------------------------------------------------+
|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) |
| | | | |Â |Â |
+-------------+--------+----------+-------------+-------------------+-------+------+
| | | | |Â |Nominal|Delta |
|Â |Â |Â |Â |Â +-------+------+
| | | | | |Â |Â |
+-------------+--------+----------+-------------+-------------------+-------+------+
+----------------------------------------------------------------------------------+
|Total (A+B+C) |
+-----------------------------------+----------------------------------------------+
|Number of voting rights |Percentage of voting rights |
+-----------------------------------+----------------------------------------------+
|3,369,617 |4.98% |
+------------+++-------+--+-------+++-----------++--------+--------+++----+-+------+
+--------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or|
|the |
|financial instruments are effectively held, if applicable:(xxi) |
+--------------------------------------------------------------------------+
|Â |
| Â |
+--------------------------------------------------------------------------+
+--------------------------------------------------------------------------+
|Proxy Voting: |
+-------------------------------------------------+------------------------+
|10. Name of the proxy holder: | Â |
+-------------------------------------------------+------------------------+
|11. Number of voting rights proxy holder will | |
|cease | Â |
|to hold: | |
+-------------------------------------------------+------------------------+
|12. Date on which proxy holder will cease to hold| Â |
|voting rights: | |
+-------------------------------------------------+------------------------+
+-----------------------------+--------------------------------------------+
| | |
|13. Additional information: | |
+-----------------------------+--------------------------------------------+
|14. Contact name: |Karen Paine |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|0131 718 0414 |
+-----------------------------+-------------------+------------------------+
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 |Artemis Investment Management Ltd|
|(including legal form of legal entities) | |
|Â | |
+--------------------------------------------+---------------------------------+
|Contact address |42 Melville Street |
|(registered office for legal entities) |Edinburgh, EH3 7HA |
|Â | |
+--------------------------------------------+---------------------------------+
|Phone number & email |0131 718 0414 |
|Â | |
+--------------------------------------------+---------------------------------+
|Other useful information | |
|(at least legal representative for legal | Â |
|persons) | |
|Â | |
+--------------------------------------------+---------------------------------+
 |
+--------------------------------------------+---------------------------------+
|B: Identity of the notifier, if applicable |
+--------------------------------------------+---------------------------------+
|Full name | Â |
|Â | |
+--------------------------------------------+---------------------------------+
|Contact address | Â |
|Â | |
+--------------------------------------------+---------------------------------+
|Phone number & email | Â |
|Â | |
+--------------------------------------------+---------------------------------+
|Other useful information | |
|(e.g. functional relationship with the | Â |
|person or legal entity subject to the | |
|notification obligation) | |
+--------------------------------------------+---------------------------------+
+------------------------------------------------------------------------------+
|C: Additional information |
+------------------------------------------------------------------------------+
|Â |
+------------------------------------------------------------------------------+
[HUG#1425789]
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Source: Paypoint plc via Thomson Reuters ONE
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