Holding(s) in Company

Quadnetics Group Plc 10 July 2007 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii): Quadnetics Group Plc 2. Reason for the notification (please state Yes/No): An acquisition or disposal of voting rights: NO An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: NO An event changing the breakdown of voting rights: NO Other (please specify): YES Change to issued voting rights 3. Full name of person(s) subject to the notification obligation (iii): BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. See section 9 for further information. 4. Full name of shareholder(s) (if different from 3.) (iv): Royal Mail Pensions Trustees Limited as trustee of the Royal Mail Pension Plan. 5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v): 5 July 2007 6. Date on which issuer notified: 6 July 2007 7. Threshold(s) that is/are crossed or reached: 12% 8. Notified details: A: Voting rights attached to shares Class/type Situation previous Resulting situation after the triggering of shares to the triggering transaction vii If possible transaction vi Number of Number of voting % voting rights using the shares rights ISIN code Number of Number of Direct Direct x Indirect Direct Indirect shares voting xi rights viii 0715683 2,147,317 2,147,317 1,278,346 1,278,346 868,971 7.562% 5.14% GB0007156838 ORD £0.20 B: Financial Instruments Resulting situation after the triggering transaction xii Type of Expiration Exercise/Conversion Number of voting % financial date xiii Period/Date xiv rights that may be voting instrument acquired if this rights instrument is exercised/converted Total (A+B) Number of voting rights % of voting rights 2,147,317 12.702% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of: 1. Hermes Investment Management Limited (voting rights held in this issuer: 12.702%) Please see Section 13 for further information. Proxy Voting: 10. Name of the proxy holder: See comment in section 13 for further information. 11. Number of voting rights proxy holder will cease to hold: See comment in section 13 for further information. 12. Date on which proxy holder will cease to hold voting rights: See comment in section 13 for further information. 13. Additional information: Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underlying clients, which includes all the shares owned directly by BT Pension Scheme. All voting rights held on behalf of the above entities are aggregated for the purposes of DTR 5.2.1(a) and disclosed pursuant to DTR 5.1.5. This disclosure is made by BT Pension Scheme Trustees Limited, which is the ultimate parent undertaking for the purposes of DTR 5.2.1(e). 14. Contact name: Valerie Davidson / Margaret Moss 15. Contact telephone number: 020 7680 2177 / 020 7680 2125 ---END OF MESSAGE---

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