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Holding(s) in Company

25th May 2007 12:50

Xchanging PLC25 May 2007 TR-1: Notifications of Major Interests in Shares Xchanging Plc 1. Identity of the issuer or the underlying issuer of existingshares to which voting rights are attached: 2. Reason for notification (yes/no) Yes An acquisition or disposal of voting rights No An acquisition or disposal of financial instruments which may result in the acquisition ofshares already issued to which voting rights are attached No An event changing the breakdown of voting rights No Other (please specify):______________ Pendragon (Master) Fund Limited 3. Full name of person(s) subject to notificationobligation: Vidacos Nominees Ltd A/C DMG7 4. Full name of shareholder(s) (if different from3):23 May 2007 5. Date of transaction (and date on which thethreshold is crossed or reached if different): 25 May 2007 6. Date on which issuer notified: 3% 7. Threshold(s) that is/are crossed or reached: 8: Notified DetailsA: Voting rights attached to shares Class/type of Situation previous to Resulting situation after the triggering transactionshares the triggering transactionIf possible use Number of Number of Number of Number of voting rights Percentage of votingISIN code shares voting shares rights rights Direct Indirect Direct Indirect ISIN Below 3% Below 3% 6,467,031 GB00B1VK7X76 6,467,031 3.15% B: Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration date Exercise/ conversion No. of voting rights that Percentage of votinginstrument period/date may be acquired (if the rights instrument exercised/ converted) Total (A+B) Number of voting rights Percentage of voting rights6,467,031 3.15%9. Chain of controlled undertakings through which the voting rights and /or the financial instruments areeffectively held, if applicable: Proxy Voting: 10. Name of proxy holder: 11. Number of voting rights proxy holder willcease to hold: 12. Date on which proxy holder will cease to holdvoting rights: 13. Additional information: N/A 14 Contact name: John Pennells 15. Contact telephone name: 020 7907 8445 This information is provided by RNS The company news service from the London Stock Exchange

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