Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

Fairpoint Group

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

NO

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

NO

An event changing the breakdown of voting rights

NO

Other (please specify):

NO

3. Full name of person(s) subject to thenotification obligation:

Miton Group plc

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

See section 9 below

5. Date of the transaction and date onwhich the threshold is crossed orreached:

24/07/2013

6. Date on which issuer notified:

25/07/2013

7. Threshold(s) that is/are crossed orreached:

Was 13.63%, Now 14.33%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB0032360280

5,779,060

5,779,060

6,079,060

n/a

6,079,060

n/a

14.33%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

n/a

n/a

n/a

n/a

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

6,079,060

14.33%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Diverse Income Trust

HSBC Global Custody Nominees (UK) Ltd a/c 727563

2,447,064

CF Miton UK Multicap Income Fund

Bank of New York Nominees Ltd a/c 397449

1,685,996

Miton Income Opportunities Trust

HSBC Global Custody Nominees (UK) Ltd a/c 724755

1,025,000

CF Miton UK Smaller Companies Fund

BNY Custodial Nominees (Ireland) Limited a/c 397904

310,000

CF Miton UK Value Opportunities

Bank of New York Nominees Ltd a/c 398398

311,000

The Investment Company

300,000

Proxy Voting:

10. Name of the proxy holder:

n/a

11. Number of voting rights proxy holder will ceaseto hold:

n/a

12. Date on which proxy holder will cease to holdvoting rights:

n/a

13. Additional information:

Miton Capital Partners LtdandMiton Asset Management Ltdare both subsidiaries of Miton Group plc

14. Contact name:

Ian Borrows

15. Contact telephone number:

0151 906 2476