PayPoint plc : Holding(s) in Company

+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             |
+------------------------------------------------------------------------------+

+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying   |                               |
|issuer                                        |         Paypoint PLC          |
|of existing shares to which voting rights are |         Sedol B02QND9         |
|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   |           |
|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):                                           |           |
+--------------------------------------+---------------------------+-----------+
|                                      |¹Lansdowne Partners Limited being the  |
|3. Full name of person(s) subject to  |General Partner of Lansdowne Partners  |
|the                                   |Limited Partnership                    |
|notification obligation:(iii)         |                                       |
|                                      |²Lansdowne Partners International      |
|                                      |Limited                                |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        | HSBC Client Holdings UK Ltd           |
| (if different from 3.):(iv)          |(Registered Shareholder)               |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |              16/11/2011               |
|reached:(v)                           |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |              18/11/2011               |
+--------------------------------------+---------------------------------------+
|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      |% of  voting   |
|using       |of       |of         |of shares   |voting         |rights (x)     |
|the ISIN    |Shares   |Voting     |            |rights         |               |
|CODE        |         |Ri hts     +------------+------+--------+------+--------+
|            |         |           |Direct      |Direct|Indirect|Direct|Indirect|
|            |         |           |            |(xi)  |(xii)   |      |        |
+------------+---------+-----------+------------+------+--------+------+--------+
|  Ordinary  |         |           |            |      |        |      |        |
|   Shares   |6,244,603|6,244,603  |            |      |Below 5%|      |Below 5%|
|            |         |           |            |      |        |      |        |
|GB00B02QND93|         |           |            |      |        |      |        |
+------------+---------+-----------+------------+------+--------+------+--------+

+-------------------------------------------------------------------------------+
|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 |rights       |
|instrument    |          |                      |be              |             |
|              |          |                      |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          |rights (xix,  |
|instrument   |        |(xvii)    |period(xviii)|instrument      |xx)           |
|             |        |          |             |refers to       |              |
|             |        |          |             |                |              |
+-------------+--------+----------+-------------+----------------+-------+------+
|             |        |          |             |                |Nominal|Delta |
|             |        |          |             |                +-------+------+
|             |        |          |             |                |       |      |
+-------------+--------+----------+-------------+----------------+-------+------+

+-------------------------------------------------------------------------------+
|Total (A+B+C)                                                                  |
+-----------------------------------+-------------------------------------------+
|Number of voting rights            |Percentage of voting rights                |
+-----------------------------------+-------------------------------------------+
|Below 5%                           |Below 5%                                   |
+-----------------------------------+-------------------------------------------+



+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable:(xxi)               |
+------------------------------------------------------------------------------+
|Lansdowne Partners International Limited is the parent undertaking of         |
|Lansdowne Partners Limited.                                                   |
|                                                                              |
+------------------------------------------------------------------------------+

+------------------------------------------------------------------------------+
|Proxy Voting:                                                                 |
+----------------------------------------------+-------------------------------+
|10. Name of the proxy holder:                 |  Lansdowne Partners Limited   |
+----------------------------------------------+-------------------------------+
|11. Number of voting rights proxy holder will |                               |
|cease                                         |                               |
|to hold:                                      |                               |
+----------------------------------------------+-------------------------------+
|12. Date on which proxy holder will cease to  |                               |
|hold                                          |                               |
|voting rights:                                |                               |
+----------------------------------------------+-------------------------------+

+-----------------------------+------------------------------------------------+
|                             |                                                |
|13. Additional information:  |                                                |
+-----------------------------+------------------------------------------------+
|14. Contact name:            |Kamran Salahuddin                               |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|[phone]                                |
+-----------------------------+------------------------------------------------+



 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                             |¹Lansdowne Partners Limited being      |
|(including legal form of legal        |the    General Partner of Lansdowne    |
|entities)                             |Partners Limited Partnership           |
|                                      |                                       |
|                                      |²Lansdowne Partners International      |
|                                      |Limited                                |
+--------------------------------------+---------------------------------------+
|Contact address                       |                                       |
|(registered office for legal entities)|15 Davies Street, London W1K 3AG       |
|                                      |                                       |
+--------------------------------------+---------------------------------------+
|Phone number & email                  |     [phone]                  |
|                                      |                                       |
+--------------------------------------+---------------------------------------+
|Other useful information              |                                       |
|(at least legal representative 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                                                     |
+------------------------------------------------------------------------------+
|                                                                              |
+------------------------------------------------------------------------------+







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Source: Paypoint plc via Thomson Reuters ONE

[HUG#1565459]