Form 8.5

Form 8.5

The Royal Bank of Scotland N.V.

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Name of exempt principal trader:	Â	Royal Bank of Scotland N.V. London Branch (Subsidiary of RFS Holding N.V.)
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Â	Intec Telecom Systems
(c) Name of the party to the offer with which exempt principal trader is connected:	Â	Intec Telecom Systems
(d) Date dealing undertaken:	Â	18 August 2010
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	Â	NO

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant	Â	Purchases/	Â	Total number	Â	Highest price	Â	Lowest price per
security		sales		of		per unit		unit
Â	Â	Â	Â	securities	Â	paid/received	Â	paid/received
ORD GBP 0.01		Purchase		139		0.6400 GBP		0.6400 GBP
ORD GBP 0.01	Â	Sale	Â	139	Â	0.6500 GBP	Â	0.6500 GBP

(b) Derivatives transactions (other than options)

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description		e.g. opening/closing a		reference		unit
security		e.g. CFD		long/short position,		securities
				increasing/reducing a
Â	Â	Â	Â	long/short position	Â	Â	Â	Â

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of

Â

Product

Â

Writing,

Â

Number of

Â

Exercise

Â

Type

Â

Expiry

Â

Option

relevant

description

purchasing,

securities

price per

e.g.

date

money

security

e.g. call

selling,

to which

unit

American,

paid/

option

varying etc.

option

European

received

Â

Â

Â

Â

Â

Â

relates

Â

Â

Â

etc.

Â

Â

Â

per unit

(ii) Exercising

Class of relevant	Â	Product description	Â	Number of	Â	Exercise price per
security	Â	e.g. call option	Â	securities	Â	unit

(d) Other dealings (including subscribing for new securities)

Class of relevant	Â	Nature of dealing	Â	Details	Â	Price per unit (if
security		e.g. subscription,				applicable)
Â	Â	conversion	Â	Â	Â	Â

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

3. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

Date of disclosure:	Â	19 August 2010
Contact name:	Â	Iain Summers
Telephone number:	Â	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.