Holding(s) in Company

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



+-------------------------------------------------------------------+
| 1. Identity of the issuer or the         |   QUADNETICS GROUP PLC |
| underlying issuer of existing shares to  |                        |
| which voting rights are attached:        |                        |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 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 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):                   |                   |   |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 3. Full name of person(s) subject to    |  HSBC GLOBAL CUSTODY    |
| the notification obligation:            | NOMINEE (UK) LTD        |
|                                         |                         |
|-----------------------------------------+-------------------------|
| 4. Full name of shareholder(s) (if      |  WHITEHALL CONSOLIDATED |
| different from 3.):                     | LTD                     |
|                                         |                         |
|-----------------------------------------+-------------------------|
| 5. Date of the transaction and date on  |  07.07.09               |
| which the threshold is crossed or       |                         |
| reached:                                |                         |
|                                         |                         |
|-----------------------------------------+-------------------------|
| 6. Date on which issuer notified:       |  08.07.09               |
|                                         |                         |
|-----------------------------------------+-------------------------|
| 7. Threshold(s) that is/are crossed or  |  ABOVE 10%              |
| reached:                                |                         |
|                                         |                         |
+-------------------------------------------------------------------+



+----------------------------------------------------------------------------------------------+
|8. Notified details:                                                                          |
|----------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares                                                           |
|                                                                                              |
|----------------------------------------------------------------------------------------------|
|Class/type of  |Situation previous     |Resulting situation after the triggering transaction  |
|shares         |to the triggering      |                                                      |
|if possible    |transaction            |                                                      |
|using          |-----------------------+------------------------------------------------------|
|the ISIN CODE  |Number     |Number     |Number     |Number of voting      |% of  voting rights|
|               |of         |of         |of shares  |rights                |                   |
|               |Shares     |Voting     |-----------+----------------------+-------------------|
|               |           |Rights     |Direct     |Direct     |Indirect  |Direct  |Indirect  |
|---------------+-----------+-----------+-----------+-----------+----------+--------+----------|
|               |           |           |           |           |          |        |          |
|---------------|1,682,000  |1,682,000  |1,692,000  |1,692,000  |          |10.01%  |          |
| GB0007156838  |           |           |           |           |          |        |          |
+----------------------------------------------------------------------------------------------+



+-------------------------------------------------------------------+
| B: Qualifying Financial Instruments                               |
|-------------------------------------------------------------------|
| Resulting situation after the triggering transaction              |
|                                                                   |
|-------------------------------------------------------------------|
| Type of    | Expiration | Exercise/  | Number of voting  | % of   |
| financial  | date       | Conversion | rights that may   | voting |
| instrument |            | Period     | be                | rights |
|            |            |            | acquired if the   |        |
|            |            |            | instrument is     |        |
|            |            |            | exercised/        |        |
|            |            |            | converted.        |        |
|            |            |            |                   |        |
|------------+------------+------------+-------------------+--------|
|            |            |            |                   |        |
+-------------------------------------------------------------------+



+--------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial   |
|Instruments                                                                     |
|--------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                            |
|                                                                                |
|--------------------------------------------------------------------------------|
|Type of       |Exercise  |Expiration  |Exercise/   |Number of   |% of voting    |
|financial     |price     |date        |Conversion  |voting      |rights         |
|instrument    |          |            |period      |rights      |               |
|              |          |            |            |instrument  |               |
|              |          |            |            |refers to   |               |
|--------------+----------+------------+------------+------------+---------------|
|              |          |            |            |            |Nominal |Delta |
|              |          |            |            |            |        |      |
|              |          |            |            |            |--------+------|
|              |          |            |            |            |        |      |
+--------------------------------------------------------------------------------+



+-------------------------------------------------------+
| Total (A+B+C)                                         |
|                                                       |
|-------------------------------------------------------|
| Number of voting rights | Percentage of voting rights |
|-------------------------+-----------------------------|
| 1,692,000               |  10.01%                     |
+-------------------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the                                                 |
| financial instruments are effectively held, if applicable:        |
|-------------------------------------------------------------------|
|                                                                   |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| Proxy Voting:                                                     |
|                                                                   |
|-------------------------------------------------------------------|
| 10. Name of the proxy holder:                                 |   |
|                                                               |   |
|---------------------------------------------------------------+---|
| 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:             | UELI DÜBENDORFER,             |
|                               | HSBC PRIVATE BANK (SUISSE) SA |
|-------------------------------+-------------------------------|
| 15. Contact telephone number: | 0041 58 705 3209              |
|                               |                               |
+---------------------------------------------------------------+

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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.