Holding(s) in Company

PayPoint PLC
10 December 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

AVS NO

        All relevant boxes should be completed in block capital letters.


1.

Name of company

PayPoint plc


2.

Name of shareholder having a major interest

Artemis UK Special Situations Fund


3.

Please state whether notification indicates that it is in respect of holding of
the shareholder named in 2 above or in respect of a non-beneficial interest or
in the case of an individual holder if it is a holding of that person's spouse
or children under the age of 18

As per 2 above.


4.

Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Artemis Investment Management Limited


5.

Number of shares/amount of stock acquired

3,137,500


6.

Percentage of issued class

4.64%


7.

Number of shares/amount of stock disposed


8.

Percentage of issued class




9.

Class of security

Ordinary shares of 0.33 pence


10.

Date of transaction

6th December 2004


11.

Date company informed

10th December 2004


12.

Total holding following this notification

3,137,500


13.

Total percentage holding of issued class following this notification

4.64%


14.

Any additional information




15.

Name of contact and telephone number for queries

Susan Court - 01707 600316


16.

Name and signature of authorised company official
responsible for making this notification

Susan Court


Date of notification 10th December 2004




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