TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ

PayPoint plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

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 notification obligation: ⁱⁱⁱ

Invesco Limited

4. Full name of shareholder(s)
 (if different from 3.):^iv

5. Date of the transaction and date on which the threshold is crossed or reached: ^v

13 July 2010

6. Date on which issuer notified:

14 July 2010

7. Threshold(s) that is/are crossed or reached: ^{vi, vii}

26%, 27%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

Ordinary 0.33p
Shares

GB00B02QND93

18,201,007

18,201,007

18,511,581

27.34%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the 
instrument is exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

18,511,581

27.34%

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

Brown Brothers Harriman (New Jersey) – 6,805
Bank of Ireland – 125,646
Bank of New York – 16,055,180
Bank of New York (London) – 75,822
JP Morgan Chase – 22,817
HSBC Bank Plc (London) – 270,619
Mellon Bank, Pittsburgh – 108,553
State Street Trust & Banking Co (Boston) – 87,675
State Street Trust & Banking Co (London) – 1,567,029
Northern Trust Company (London) – 191,435

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:

Samantha Edwards

15. Contact telephone number:

01491 416381

A: Identity of the persons or legal entity subject to the notification obligation

Full name
(including legal form of legal entities)

Invesco Limited

Contact address
(registered office for legal entities)

Registered address:
30 Finsbury Square, London, EC2A 1AG.

Phone number & email

020 7638 0731

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