Holdings in Company

    RNS Number : 5065F
  NETeller PLC
  09 October 2008
   

    NETELLER PLC
    TR-1 :                NOTIFICATION OF MAJOR INTERESTS IN SHARES 

    1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:  Neteller PLC
    2. Reason for the notification (please tick the appropriate box or boxes): n/a see additional information
                    An acquisition or disposal of voting rights                 Yes
    An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights
are attached                  No
                    An event changing the breakdown of voting rights  No
    3. Full name of person(s) subject to the notification obligation :  Southern Rock Insurance Co. Ltd.  
    4. Full name of shareholder(s) (if different from 3.) :                         Southern Rock Insurance Co. Ltd  
                       Rene Nominees (IOM) Ltd  
                       Arron Banks  
    5. Date of the transaction and date on which the threshold is crossed or reached :  8 October 2008  
    6. Date on which issuer notified:   9 October 2008   
    7. Threshold(s) that is/are crossed or reached:  4%
    8. Notified details:
    A: Voting rights attached to shares
 Class/type of shares            Situation previous to the Triggering        Resulting situation after the triggering transaction
                                 transaction
 if possible using the ISIN      Number of Shares      Number of Voting      Number of shares  Number of voting                 % of voting
rights
 CODE                                                  Rights                                  rights
                                                                             Direct            Direct                Indirect   Direct      
       Indirect
 GB0034264548                    3,668,569             3.059%                475,000           475,000               2,471,009  .040%       
       2.06%
 Ord 0.01p

    B: Financial Instruments
    Resulting situation after the triggering transaction
 Type of financial instrument  Expiration date  Exercise/ Conversion  Number of voting      % of voting rights
                                                Period/ Date          rights that may be
                                                                      acquired if the
                                                                      instrument is
                                                                      exercised/ converted
 Spread Bet (Arron Banks)      17 March 2009                          2,000,000             1.67%

      Total (A+B)
 Number of voting rights  % of voting rights
 4,946,009                4.12%

    9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable
:
    Southern Rock Insurance Company Limited  475,000 shares - 0.396%
    Rene Nominees (IOM) Ltd (as nominee for Southern Rock Insurance Co. Ltd)  2,171,009 Shares - 1.81%
    Rene Nominees (IOM) Ltd (as nominee for Arron Banks)       300,000 Shares - 0.25%
    Arron Banks - Financial Instrument - Spread Bet    2,000,000 Shares - 1.668%  
    Arron Banks is connected to Southern Rock Insurance Company Ltd, being a major shareholder in Southern Rock Insurance Company Ltd.
    Therefore, together Southern Rock Insurance Company Ltd and Arron Banks are interested in 4,946,009 shares in Neteller PLC, representing
approximately 4.12% of the Company's issued share capital based on issued share capital of : 119,920,953 shares.

    Proxy Voting:
 10.  Name of the proxy holder:                           N/a
 11.  Number of voting rights proxy holder will cease to  N/a
      hold:
 12.  Date on which proxy holder will cease to hold       N/a
      voting rights:
 13.  Additional information:
 14   Contact name: Christine Shipway                     [phone]



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