TIDMITL 
 
For filings with the FSA include the   | 
 annex                                  | 
=---------------------------------------+--------------------------------------- 
 For filings with issuer exclude the    | 
 annex                                  | 
=---------------------------------------+--------------------------------------- 
 
+------------------------------------------------------------------------------+ 
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             | 
+---------------------------------------------+--------------------------------+ 
                                              | 
+---------------------------------------------+--------------------------------+ 
|1. Identity of the issuer or the underlying  |                                | 
|issuer                                       |       Intec Telecom Systems 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                          |        | 
+---------------------------------------------------------------------+--------+ 
|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                                                 |   X    | 
|financial instruments                                                |        | 
+---------------------------------------------------------------------+--------+ 
|An event changing the breakdown of voting rights                     |        | 
+-------------+-------------------------------------------------------+--------+ 
|Other (please|                                                       |        | 
|specify):    |                                                       |        | 
+-------------+------------------------+------------------------------+--------+ 
|                                      |         Sandell Asset Management Corp.| 
|                                      |                                       | 
|                                      |                         Thomas Sandell| 
|3. Full name of person(s) subject to  |                                       | 
|the                                   |      Castlerigg Master Investments Ltd| 
|notification obligation:(iii)         |                                       | 
|                                      |    Castlerigg Merger Arbitrage Master,| 
|                                      |                                   Ltd.| 
|                                      |                                       | 
|                                      | Castlerigg Merger Arbitrage UCITS Fund| 
+--------------------------------------+---------------------------------------+ 
|4. Full name of shareholder(s)        |                                    N/A| 
| (if different from 3.):(iv)          |                                       | 
+--------------------------------------+---------------------------------------+ 
|5. Date of the transaction and date on|                                       | 
|which the threshold is crossed or     |                    4(th) November 2010| 
|reached:(v)                           |                                       | 
+--------------------------------------+---------------------------------------+ 
|6. Date on which issuer notified:     |                    8(th) November 2010| 
+--------------------------------------+---------------------------------------+ 
|7. Threshold(s) that is/are crossed or|             Holding increased above 5%| 
|reached:(vi, vii)                     |                                       | 
+-------------+------------------------++-----+-----------------------+--------+ 
 
 
+--------------------------------------------------------------------------------------+ 
|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        |Number        |Number         |Number      |Number of      |% of  voting   | 
|possible  |of            |of             |of shares   |voting         |rights (x)     | 
|using     |Shares        |Voting         |            |rights         |               | 
|the ISIN  |              | ights         +------------+------+--------+------+--------+ 
|CODE      |              |               |Direct      |Direct|Indirect|Direct|Indirect| 
|          |              |               |            |(xi)  |(xii)   |      |        | 
+----------+--------------+---------------+------------+------+--------+------+--------+ 
|          |              |               |            |      |        |      |        | 
+----------+              |               |            |      |        |      |        | 
|          |              |               |            |      |        |      |        | 
+----------+--------------+---------------+------------+------+--------+------+--------+ 
 
+--------------------------------------------------------------------------------------+ 
|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 |rights       | 
|instrument  |             |                            |be              |             | 
|            |             |                            |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(xvii)    |Conversion   |rights          |rights (xix,  | 
|instrument |             |              |period(xviii)|instrument      |xx)           | 
|           |             |              |             |refers to       |              | 
+-----------+-------------+--------------+-------------+----------------+-------+------+ 
|Contracts  |             |              |             |                |Nominal|Delta | 
|for        |0.7129-0.7175|12/2010-1/2015|N/A          |20,479,501      +-------+------+ 
|difference |             |              |             |                |6.50%  |N/A   | 
+-----------+-------------+--------------+-------------+----------------+-------+------+ 
 
+--------------------------------------------------------------------------------------+ 
|Total (A+B+C)                                                                         | 
+------------------------------------------+-------------------------------------------+ 
|Number of voting rights                   |Percentage of voting rights                | 
+------------------------------------------+-------------------------------------------+ 
|20,479,501                                |6.50%                                      | 
+----------+++------------++-------------+++-----------++-----+--------+++----+-+------+ 
 
 
+------------------------------------------------------------------------------+ 
|9. Chain of controlled undertakings through which the voting rights and/or the| 
|financial instruments are effectively held, if applicable:(xxi)               | 
+------------------------------------------------------------------------------+ 
|                                                                              | 
|Sandell Asset Management Corp. ("SAMC") beneficially owns the securities      | 
|reported herein through Castlerigg Master Investments Ltd ("Castlerigg Master | 
|Investments"), Castlerigg Merger Arbitrage Master, Ltd ("Castlerigg Merger    | 
|Arbitrage Master") and Castlerigg Merger Arbitrage UCITS Fund ("Castlerigg    | 
|Merger Arbitrage UCITS").  Castlerigg Master Investments, Castlerigg Merger   | 
|Arbitrage Master, and Castlerigg Merger Arbitrage UCITS directly own the      | 
|securities reported herein.                                                   | 
|                                                                              | 
|SAMC is the investment manager of Castlerigg Master Investments, Castlerigg   | 
|Merger Arbitrage Master, and Castlerigg Merger Arbitrage UCITS.  Thomas       | 
|Sandell is the controlling person of SAMC and may be deemed to share          | 
|beneficial ownership of the shares beneficially owned by Castlerigg Master    | 
|Investments, Castlerigg Merger Arbitrage Master, Castlerigg Merger Arbitrage  | 
|UCITS and SAMC.                                                               | 
+------------------------------------------------------------------------------+ 
 
+------------------------------------------------------------------------------+ 
|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:            |                                   Lee Iannarone| 
+-----------------------------+------------------------------------------------+ 
|15. Contact telephone number:|                                    212-603-5859| 
+-----------------------------+------------------------------------------------+ 
 
 
[HUG#1460264] 
 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Intec Telecom Systems Plc via Thomson Reuters ONE
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