Holding(s) in Company

RNS Number:9325S
Intec Telecom Systems PLC
05 December 2003

                Intec Telecom Systems PLC - Holdings in Company


5 December 2003: The Board of Intec Telecom Systems ("Intec" or the "Company")
was notified on 4 December 2003 by Mican Limited ("Mican") that following a
series of transactions to unbundle Mican due to be completed today (the "
Transactions") it will no longer have an interest in the issued share capital of
the Company.


In the same notification it was disclosed to the Company that as a result of the
Transactions the following parties will hold notifiable interests in the
ordinary shares of Intec ("Ordinary Shares"):


         Shareholder                         Number of Ordinary   Percentage
                                                   Shares           holding

The Frayne Family Trust                            27,299,230      13.22%
MDT Management Company Ltd                         21,916,894      10.61%
Eglington Consultancy Ltd                          10,896,090       5.28%
Prygate International Ltd                           8,859,809       4.29%
Investec International Holdings (Gibralter) Ltd     7,362,263       3.57%
Investec Bank (Mauritius) Ltd                       2,038,361       0.99%


Intec has also been informed by MDT Management Company Limited ("MDT") that MDT
entered into a Placing Agreement under the terms of which 11,916,894 of the
ordinary shares that it acquired from Mican have been placed with institutional
investors. The proceeds from such placing will be used by MDT Management Company
Limited to fund the purchase of the ordinary shares from Mican under the
restructuring agreement. Following the disposal, MDT's remaining interest is in
9,641,894 shares, representing 4.66% of the Company's issued share capital.  As
a result of the Transactions the beneficial holding of Mike Frayne, Chairman of
Intec, subject to final contract,  will be 27,299,230 shares representing 13.22
per cent of the issued share capital of the Company.



Mike Frayne, Executive Chairman of Intec commented: "Our recent results
demonstrate that Intec is a strong and successful business with a key role to
play in the development of the communications sector. The restructuring of Mican
will now remove any confusion over the ownership of Intec shares and will also
greatly increase the liquidity in the stock to the benefit of all shareholders."



For further information:


Mike Frayne, Executive Chairman
Intec Telecom Systems PLC
[phone]
[e-mail]


Andrew Rodaway
Intec Telecom Systems PLC
[phone]
[e-mail]


Cubitt Consulting
Fergus Wylie/Sarah Brydon
[phone]
[e-mail]




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