Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying

issuer of existing shares to which voting rights are attached:

Fairpoint Group

2. Reason for notification (yes/no)

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

No

An event changing the breakdown of voting rights

No

Other (please specify)

No

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

Miton Group plc

4. Full name of shareholder(s)

See section 9 below

5. Date of transaction (and date on which the threshold is crossed or reached if different)

26/03/2013

6. Date on which issuer notified

27/03/2013

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

Was 9.59%, Now  10.32%

8: Notified Details

A: Voting rights attached to shares

Class/type

of shares

If possible use

ISIN code

Situation previous to the triggering

transaction

Resulting situation after the triggering transaction

Number

of shares

Number

of voting rights

Number

of shares

Number of voting

rights

Percentage of voting

rights

Direct

Indirect

Direct

Indirect

GB0032360280

4,023,760

4,023,760

4,328,060

n/a

4,328,060

n/a

10.32%

8: Financial Instruments

Resulting situation after the triggering transaction

Type of

financial instrument

Expiration date

Exercise/

conversion period/date

No. of voting  rights

that may be acquired (if the Instrument exercised/converted)

Percentage of

voting rights

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 financial

instrument

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

4,328,060

10.32

9. Chain of controlled undertakings through which the voting rights  and /or the

financial instruments are effectively held, if applicable:

Diverse Income Trust

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

1,980,064

CF Miton UK Multicap

Income Fund

Bank of New York Nominees  Ltd a/c 397449

1,090,996

Diverse Income Trust- C (Issue 2)

HSBC Global Custody Nominees (UK) Ltd a/c 768977

467,000

Henderson Fledgling Trust

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

790,000

Proxy Voting:

10. Name of proxy holder:

n/a

11. Number of voting rights proxy

holder will cease to hold:

n/a

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

n/a

13. Additional information:

Miton Capital Partners Ltd and Miton Asset Management Ltd are both subsidiaries of Miton Group plc

14 Contact name:

Elaine Smith

15. Contact telephone name:

0151 906 2468