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Holding(s) in Company

10th Dec 2007 14:55

Alternative Networks plc10 December 2007 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: Alternative Networks plc 2. Reason for the notification (please 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 notification obligation: Herald Investment Management Limited 4. Full name of shareholder(s) (if different from 3.): Bank of New York (OCS) Nominees Ltd on behalf of Herald Investment Trust Plc 5. Date of the transaction and date on which the threshold is crossed or reachedif different): 7 December 2007 6. Date on which issuer notified: 10 December 2007 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A: Voting rights attached to shares Class/type of shares Situation previous to if possible using the the Triggering ISIN CODE transaction Number of shares Number of voting Rights GB00B05KXX82 2,675,000 (5.62%) Resulting situation after the triggering transaction Class/type of shares Number of shares Number of voting rights % of voting rights if possible using the ISIN CODE Direct Direct Indirect Direct Indirect GB00B05KXX82 2,045,000 4.29% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Date Exercise/Conversion Number of voting % of voting financial Period/ Date rights that may be rights instrument acquired if the instrument is exercised/ converted. None Nil Total (A+B)Number of voting rights % of voting rights 2,045,000 4.29% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: Herald Investment Management Limited, a discretionary investment manager, is the parent undertaking of an investment management business. Shareholder: Herald Investment Trust (in the name of 2,045,000 4.29%Bank of New York (OCS Nominees Limited)) Total for Funds under the management of Herald Investment 2,045,000 4.29%Management Limited Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: 14. Contact name: Andrew Miller 15. Contact telephone number: 020 7553 6308 This information is provided by RNS The company news service from the London Stock Exchange

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