7th Nov 2007 16:23
Xchanging PLC07 November 2007 Form TR-1 with annex. FSA Version 2.1 updated April 2007 TR-1: Notifications of Major Interests in Shares XCHANGING PLC 1. Identity of the issuer or the underlying issuer ofexisting shares to which voting rights are attached: (Company number: 589018) 2. Reason for notification (yes/no) YES An acquisition or disposal of voting rights An acquisition or disposal of financial instruments which may result in the acquisitionof 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 notification GAP (Bermuda) Limitedobligation: General Atlantic, LLC GAP-Xchange Partners, LLC GAPCo Management GmbH GAP Coinvestment Partners, L.P. GAP Coinvestment Partners II, L.P. GAP - W International, L.P. 4. Full name of shareholder(s) (if different from General Atlantic Partners (Bermuda), L.P.3): GAPstar, LLC General Atlantic Partners 55, L.P. GAP-Xchange Partners, LLC, SCA GAP Coinvestment Partners, L.P. GAP Coinvestment Partners II, L.P. GAPCo GmbH & Co. KG 5. Date of transaction (and date on which the 5 November 2007threshold is crossed or reached if different): 6. Date on which issuer notified: 7 November 2007 7. Threshold(s) that is/are crossed or reached: See section 8A below 8: Notified DetailsA: Voting rights attached to shares Class/type of Situation previous to the Resulting situation after the triggering transactionshares triggering transaction Number of Number of Number of Number of voting rights Percentage of votingIf possible shares voting shares rightsuse ISIN code rights Direct Indirect Direct Indirect See Addendum I(attached) B: Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration date Exercise/ conversion No. of voting rights Percentage of votinginstrument period/date that may be acquired rights (if the instrument exercised/converted) Total (A+B) Number of voting rights Percentage of voting rights 39,093,080 18.2 9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectivelyheld, if applicable: a) On 5 November 2007, by sales made pursuant to and in connection with a block trade agreement dated 5November 2007: i) GAP-W International, L.P.'s direct holding of voting rights in Xchanging plc reduced from 585,109voting rights (0.27%) to 399,031 voting rights (0.19%); ii) General Atlantic Partners (Bermuda) L.P.'s direct holding of voting rights in Xchanging plc reduced from33,159,704 voting rights (15.44%) to 22,614,189 voting rights (10.53%); iii) GAPstar, LLC's direct holding of voting rights in Xchanging plc reduced from 2,292,547 voting rights(1.07%) to 1,563,467 voting rights (0.73%); iv) General Atlantic Partners 55, L.P.'s direct holding of voting rights in Xchanging plc reduced from 4,489,863voting rights (2.09%) to 3,061,988 voting rights (1.43%); v) GAP-Xchange Partners, LLC, SCA's direct holding of voting rights in Xchanging plc reduced from 7,544,081voting rights (3.51%) to 5,144,897 voting rights (2.40%); vi) GAP Coinvestment Partners, L.P.'s direct holding of voting rights in Xchanging plc reduced from 2,763,930voting rights (1.29%) to 1,884,941 voting rights (0.88%); vii) GAP Coinvestment Partners II, L.P.'s direct holding of voting rights in Xchanging plc reduced from 6,483,882voting rights (3.02%) to 4,421,863 voting rights (2.06%); and viii) GAPCo GmbH & Co. KG's direct holding of voting rights in Xchanging plc reduced from 3,964 voting rights(0.0018%) to 2,704 voting rights (0.0013%); b) General Atlantic Partners (Bermuda) Limited is the general partner of both GAP-W International, L.P. andGeneral Atlantic Partners (Bermuda) L.P; c) General Atlantic, LLC is the general partner of both GAPstar, LLC and General Atlantic Partners 55, L.P andsole member of GAPstar, LLC; d) GAP-Xchange Partners, LLC is the general partner of GAP-Xchange Partners, LLC & Company, SCA which itselfhas a controlling interest in GAP-Xchange Partners, LLC, SCA; e) GAPCo Management GmbH is the general partner of GAPCo GmbH & Co. KG; and f) by the sales described in paragraph (a) above, each of General Atlantic Partners (Bermuda) Limited, GeneralAtlantic, LLC, GAP-Xchange Partners, LLC, GAP Coinvestment Partners, L.P., GAP Coinvestment Partners II, L.P. and GAPCoManagement GmbH's indirect interest in the voting rights of Xchanging plc reduced from 26.69% to 18.2%. Proxy Voting: 10. Name of proxy holder: 11. Number of voting rights proxy holder will ceaseto hold: 12. Date on which proxy holder will cease to holdvoting rights: 13. Additional information: By virtue of arrangements in place between the General Atlantic entities referred to in section 9 above as regards the manner in which the voting rights in Xchanging plc directly held by the entities whose names are set out in section 9(a) above are exercised, each of the entities referred to in section 9(f) above is indirectly interested in the aggregate number of such voting rights. In accordance with DTR 5.2.5R, General Atlantic Partners (Bermuda) Limited is making this notification on behalf of all the entities referred to in section 3 above. 14 Contact name: Chris Lanning 15. Contact telephone name: 001 203 629 8640 For notes on how to complete form TR-1 please see the FSA website. ADDENDUM I A: Voting rights attached to sharesClass/type of Situation previous to Resulting situation after the triggering transactionshares the triggeringIf possible transactionusing the ISIN CODE Number of Number of Number of Number of voting rights % of voting rights Shares voting rights Shares Direct Direct Indirect Direct IndirectOrdinary GAP (Bermuda)shares of 5 Limitedpence each 57,323,080 57,323,080 39,093,080 18.2 --------------------------------------------------------------------------------------------------- GAP-W International, L.P. 585,109 585,109 399,031 399,031 0.19 --------------------------------------------------------------------------------------------------- General Atlantic Partners (Bermuda), L.P. 33,159,704 33,159,704 22,614,189 22,614,189 10.53 --------------------------------------------------------------------------------------------------- General Atlantic, LLC 57,323,080 57,323,080 39,093,080 18.2 --------------------------------------------------------------------------------------------------- GAPstar, LLC 2,292,547 2,292,547 1,563,467 1,563,467 0.73 --------------------------------------------------------------------------------------------------- General Atlantic Partners 55 L.P., 4,489,863 4,489,863 3,061,988 3,061,988 1.43 --------------------------------------------------------------------------------------------------- GAP-Xchange Partners, LLC 57,323,080 57,323,080 39,093,080 18.2 --------------------------------------------------------------------------------------------------- GAP-Xchange Partners LLC & Company, SCA 57,323,080 57,323,080 39,093,080 18.2 --------------------------------------------------------------------------------------------------- GAP-Xchange Partners, LLC, SCA 7,544,081 7,544,081 5,144,897 5,144,897 2.4 --------------------------------------------------------------------------------------------------- GAP Coinvestment Partners, L.P. 2,763,930 2,763,930 1,884,941 1,884,941 0.88 --------------------------------------------------------------------------------------------------- GAP Coinvestment Partners II, L.P. 6,483,882 6,483,882 4,421,863 4,421,863 2.06 --------------------------------------------------------------------------------------------------- GAPCo Management GmbH 57,323,080 57,323,080 39,093,080 18.2 --------------------------------------------------------------------------------------------------- GAPCo GmbH & Co. KG 3,964 3,964 2,704 2,704 0.0013 --------------------------------------------------------------------------------------------------- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
XCH.L