+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
+------------------------------------------------------------------------------+
+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying | |
|issuer | Paypoint 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| Â |
|rights are attached | |
+----------------------------------------------------------------------+-------+
|An acquisition or disposal of instruments with similar economic effect| Â |
|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 | |
|the | Invesco Limited |
|notification obligation: iii | |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s) | Â |
|(if different from 3.):iv | |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on| |
|which the threshold is crossed or | 16 March 2010 |
|reached: v | |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified: | 17 March 2010 |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or| 27%, 26% |
|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 |rightsx |
|the ISIN | ares |V ting +----------+--------+-----------+------+--------+
|CODE | |Rights |Direct |Directxi|Indirectxii|Direct|Indirect|
+------------+----------+-----------+----------+--------+-----------+------+--------+
|Ordinary | | | | | | | |
|0.33p Shares|18,272,115|18,272,115 |18,201,007|Â |18,201,007 |Â |26.89% |
| | | | | | | | |
|GB00B02QND93| | | | | | | |
+------------+----------+-----------+----------+--------+-----------+------+--------+
+-----------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments |
+-----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+--------------+----------+---------------------+---------------------+-------------+
|Type of |Expiration|Exercise/ |Number of voting |% of voting |
|financial |datexiii |Conversion Periodxiv |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 |
|Instrumentsxv, xvi |
+-----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+-------------+---------+----------+-----------+---------------------+--------------+
|Type of |Exercise |Expiration|Exercise/ |Number of voting |% of voting |
|financial |price |datexvii |Conversion |rights instrument |rightsxix, xx |
|instrument | | |periodxviii|refers to |Â |
| | | | |Â | |
+-------------+---------+----------+-----------+---------------------+-------+------+
| | | | |Â |Nominal|Delta |
|Â |Â |Â |Â |Â +-------+------+
| | | | | |Â |Â |
+-------------+---------+----------+-----------+---------------------+-------+------+
+-----------------------------------------------------------------------------------+
|Total (A+B+C) |
+------------------------------------+----------------------------------------------+
|Number of voting rights |Percentage of voting rights |
+------------------------------------+----------------------------------------------+
|18,201,007 |26.89% |
+------------------------------------+----------------------------------------------+
+--------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or|
|the |
|financial instruments are effectively held, if applicable:xxi |
+--------------------------------------------------------------------------+
|Brown Brothers Harriman (New Jersey) - 6,805 |
|Bank of Ireland - 125,646 |
|Bank of New York - 15,907,621 |
|Bank of New York (London) - 75,822 |
|HSBC Bank Plc (London) - 270,619 |
|Mellon Bank, Pittsburgh - 117,334 |
|State Street Trust & Banking Co (London) - 1,418,050 |
|Northern Trust Company (London) - 191,435 |
+--------------------------------------------------------------------------+
+--------------------------------------------------------------------------+
|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: | Elaine Coleman |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:| 01491 417394 |
+-----------------------------+--------------------------------------------+
Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in sharesxxii
+------------------------------------------------------------------------------+
|A: Identity of the persons or legal entity subject to the notification |
|obligation |
+----------------------------------------+-------------------------------------+
|Full name | |
|(including legal form of legal entities)| Invesco Limited |
|Â | |
+----------------------------------------+-------------------------------------+
|Contact address | Registered address: |
|(registered office for legal entities) |30 Finsbury Square, London, EC2A 1AG.|
|Â | |
+----------------------------------------+-------------------------------------+
|Phone number & email | 020 7638 0731 |
|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 |
+------------------------------------------------------------------------------+
For notes on how to complete form TR-1 please see the FSA website.
[HUG#1395712]
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