TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):
PSION PLC - GB00BOD5VH57
2. Reason for the notification State
Yes/No
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments which may
result in the
acquisition of shares already issued to which voting rights are
attached
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the Sterling Strategic Value Limited
notification obligation (iii):
4. Full name of shareholder(s) (if different
from 3.) (iv):
5. Date of the transaction (and date on 13/12/2007
which the threshold is crossed
or reached if different) (v):
6. Date on which issuer notified: 17/12/2007
7. Threshold(s) that is/are crossed or 5%
reached:
8. Notified details:
A: Voting rights attached to shares
Class/type Situation previous to Resulting situation after the triggering
of shares the Triggering transaction (vii)
if possible transaction (vi)
using the
ISIN CODE
Number Number Number Number of voting % of voting
of of of rights (ix) rights
Shares Voting shares
Rights
(viii)
Direct Direct Indirect Direct Indirect
(x) (xi)
ORD GBP 5,663,400 5,663,400 7,893,914 7,893,914 5.65%
0.15
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Exercise/ Number of voting % of
financial date (xiii) Conversion rights that may be voting
instrument Period/ Date (xiv) acquired if the rights
instrument
is exercised/
converted
Total (A+B)
Number of voting rights % of voting rights
7,893,914 5.65%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are
effectively held, if applicable (xv):
Proxy Voting:
10. Name of the proxy holder: N/A
11. Number of voting rights proxy holder will cease N/A
to hold:
12. Date on which proxy holder will cease to hold N/A
voting rights:
13. Additional
information:
14. Contact name: MIMI O.F. AJIBADÉ
15. Contact telephone 020 3008 5164
number:
END
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