3rd May 2007 12:19
Xchanging PLC03 May 2007 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing Xchanging plcshares to which voting rights are attached(ii): (Company number: 589018)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 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 General Atlantic Partners (Bermuda)(iii): Limited General Atlantic, LLC GAP-Xchange Partners, LLC GAPCo Management GmbH GAP Coinvestment Partners, L.P. GAP Coinvestment Partners II, L.P. 4. Full name of shareholder(s) (if different from 3.)(iv): GAP - W International, L.P. General Atlantic Partners (Bermuda), L.P. 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 the transaction (and date on which the threshold is 30 April 2007crossed or reached if different)(v): 6. Date on which issuer notified: 2 May 2007 7. Threshold(s) that is/are crossed or reached: See section 8A below 8. Notified details: A: Voting rights attached to shares Class/type of Situation previous to Resulting situation after the triggering transaction(vii)shares the Triggering transaction (vi) if possible Number of Number of Number of Number of voting rights % of voting rightsusing the ISIN Shares Voting shares ixCODE Rights viii Direct Direct x Indirect xi Direct IndirectSee Addendum I(attached) B: Financial Instruments Resulting situation after the triggering transaction xiiType of financial Expiration date Exercise/ Conversion Number of voting rights % of votinginstrument xiii Period/ Date xiv that may be acquired if rights the instrument is exercised/ converted. Total (A+B)Number of voting rights % of voting rights 70,502,023 34.29 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: a) On 30 April 2007, by sales made pursuant to an underwriting agreement dated 25 April 2007: i) GAP-W International, L.P.'s direct holding of voting rights in Xchanging plc reduced from 3,343,968 voting rights (1.92%) to 1,273,754 voting rights (0.62%); ii) General Atlantic Partners (Bermuda) L.P.'s direct holding of voting rights in Xchanging plc reduced from 57,479,576 voting rights (32.97%) to 39,230,231 voting rights (19.08%); iii) GAPstar, LLC's direct holding of voting rights in Xchanging plc reduced from 4,651,512 voting rights (2.67%) to 2,881,374 voting rights (1.40%); iv) General Atlantic Partners 55, L.P.'s direct holding of voting rights in Xchanging plc reduced from 8,495,556 voting rights (4.87%) to 5,489,732 voting rights (2.67%); v) GAP-Xchange Partners, LLC, SCA's direct holding of voting rights in Xchanging plc reduced from 17,749,696 voting rights (10.18%) to 10,091,524 voting rights (4.91%); vi) GAP Coinvestment Partners, L.P.'s direct holding of voting rights in Xchanging plc reduced from 5,229,808 voting rights (3.00%) to 3,627,549 voting rights (1.76%); vii) GAP Coinvestment Partners II, L.P.'s direct holding of voting rights in Xchanging plc reduced from 11,479,612 voting rights (6.59%) to 7,896,168 voting rights (3.84%); and viii) GAPCo GmbH & Co. KG's direct holding of voting rights in Xchanging plc reduced from 34,916 voting rights (0.02%) to 11,691 voting rights (0.01%); b) General Atlantic Partners (Bermuda) Limited is the general partner of both GAP-W International, L.P. and General Atlantic Partners (Bermuda) L.P; c) General Atlantic, LLC is the general partner of both GAPstar, LLC and General Atlantic Partners 55, L.P; d) GAP-Xchange Partners, LLC is the general partner of GAP-Xchange Partners, LLC & Company, SCA which itself has 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, General Atlantic, LLC, GAP-Xchange Partners, LLC, GAP Coinvestment Partners, L.P., GAP Coinvestment Partners II, L.P. and GAPCo Management GmbH's indirect interest in the voting rights of Xchanging plc reduced from 62.22% to 34.29%. Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting 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 number: 001 203 629 8640 -------------------------- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
XCH.L