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

Troy Asset Management Limited

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

Pershing nominees (designation CHATO/ TOCLT)
Bank of New York nominees limited (designation 392511)
a.c Trojan Income Fund
Bank of New York nominees limited (designation 392508)
a.c Trojan Capital Fund
HSBC Global Custody Nominee (UK) Limited a.c Troy
Income & Growth Trust

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

9th June 2011

6. Date on which issuer notified:

10th June 2011

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

10% crossed

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

8,109,008

8,109,008

6,809,008

6,809,008

N/A

10.05%

N/A

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

6,809,008

10.05%

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:

Sebastian Lyon

15. Contact telephone number:

020 7290 7840