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Paypoint plc (PAY)

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Monday 13 June, 2011

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 |                               |
|attached:(ii)                                 |                               |
+----------------------------------------------+-------------------------------+
|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  |                                       |
|the                                   |RIT CAPITAL PARTNERS PLC               |
|notification obligation:(iii)         |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |The Bank of New York (Nominees) Ltd    |
| (if different from 3.):(iv)          |(RIT)                                  |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |9 June 2011                            |
|reached: v                            |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |10 June 2011                           |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|9% and 8% thresholds have been         |
|reached:(vi, vii)                     |crossed.  The  disposal takes the      |
|                                      |holding from 9.03% to 7.11%            |
+--------------------------------------+---------------------------------------+



+----------------------------------------------------------------------------------+
|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 voting  |% of  voting   |
|using       |of       |of         |of shares   |rights            |rights (x)     |
|the ISIN    |  ares   |Vo ing     +------------+---------+--------+------+--------+
|CODE        |         |Rights     |Direct      |Direct   |Indirect|Direct|Indirect|
|            |         |           |            |(xi)     |(xii)   |      |        |
+------------+---------+-----------+------------+---------+--------+------+--------+
|Ordinary    |         |           |            |         |        |      |        |
|Shares      |         |           |            |         |        |      |        |
|            |6,121,057|6,121,057  |4,821,057   |4,821,057|        |7.11% |        |
|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 be |rights       |
|instrument    |          |                      |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 instrument  |rights (xix,  |
|instrument   |        |(xvii)    |period(xviii)|refers to          |xx)           |
|             |        |          |             |                   |              |
+-------------+--------+----------+-------------+-------------------+-------+------+
|             |        |          |             |                   |Nominal|Delta |
|             |        |          |             |                   +-------+------+
|             |        |          |             |                   |       |      |
+-------------+--------+----------+-------------+-------------------+-------+------+

+----------------------------------------------------------------------------------+
|Total (A+B+C)                                                                     |
+-----------------------------------+----------------------------------------------+
|Number of voting rights            |Percentage of voting rights                   |
+-----------------------------------+----------------------------------------------+
|4,821,057                          |7.11%                                         |
+-----------------------------------+----------------------------------------------+



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

+--------------------------------------------------------------------------+
|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:            |H. Kontou                                   |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|0207 514 1924                               |
+-----------------------------+--------------------------------------------+



 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                          |                                          |
|(including legal form of legal     |Ms Susan Court                            |
|entities)                          |                                          |
|                                   |                                          |
+-----------------------------------+------------------------------------------+
|Contact address                    |                                          |
|(registered office for legal       |1 The Boulevard, Shire Park, Welwyn Garden|
|entities)                          |City, Hertfordshire, AL7 IEL              |
|                                   |                                          |
+-----------------------------------+------------------------------------------+
|Phone number & email               |01707 600 300                             |
|                                   |                                          |
+-----------------------------------+------------------------------------------+
|Other useful information           |                                          |
|(at least legal representative for |                                          |
|legal persons)                     |                                          |
|                                   |                                          |
+-----------------------------------+------------------------------------------+
                                    |
+-----------------------------------+------------------------------------------+
|B: Identity of the notifier, if applicable                                    |
+-----------------------------------+------------------------------------------+
|Full name                          |Helene Kontou                             |
|                                   |                                          |
+-----------------------------------+------------------------------------------+
|Contact address                    |27 St. James's Place London SW1A  1NR     |
|                                   |                                          |
+-----------------------------------+------------------------------------------+
|Phone number & email               |020 7514 1924                             |
|                                   |[email protected]                     |
+-----------------------------------+------------------------------------------+
|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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