Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Xchanging Plc

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.

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

An event changing the breakdown of voting rights

Other (please specify):

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

Artemis Investment Management LLP on behalf of discretionary funds under management

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

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

31 July 2013

6. Date on which issuer notified:

01 August 2013

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

12%

8. Notified details:

A: Voting rights attached to shares vii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Number of shares

Number of votingrights

% of voting rightsx

Direct

Directxi

Indirectxii

Direct

Indirect

GB00B1VK7X76

28,647,690

28,647,690

24,673,659

 24,673,659

4,804,031

10.26%

2.00%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdatexiii

Exercise/Conversion Periodxiv

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

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv,xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration datexvii

Exercise/Conversion periodxviii

Number of voting rights instrument refers to

% of voting rightsxix,xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

29,477,690

12.26%

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

Proxy Voting:

10. Name of the 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:

14. Contact name:

Richard Smithson

15. Contact telephone number:

0207 399 6063