Holding(s) in Company

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Fairpoint Group 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

No

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

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

Miton Group plc

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

4. Full name of shareholder(s)

(if different from 3.):

See section 9 below

5. Date of the transaction and date on which the threshold is crossed or reached:

29/05/2013

6. Date on which issuer notified:

30/05/2013

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

Was 12.94%, Now  13.18%

8. Notified details:

.

A: Voting rights attached to shares

Class/type of

shares

if possible using the 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

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

GB0032360280

5,489,060

5,489,060

5,589,060

n/a

5,589,060

n/a

13.18%

.

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

instrument

Expiration

date

Exercise/

Conversion Period

Number of voting

rights that may be acquired if the instrument is exercised/ converted.

%of  voting

rights

n/a

n/a

n/a

n/a

n/a

C: Financial lnstruments 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

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

2,447,064

CF Miton UK Multicap Income

Fund

Bank of New York Nominees

Ltd a/c 397449

1,495,996

Miton Income Opportunities

Trust

HSBC Global Custody

Nominees (UK) Ltd a/c 724755

1,025,000

CF Miton UK Smaller

Companies  Fund

BNY Custodial Nominees

(Ireland) Limited a/c 397904

310,000

CG Miton UK Value

Opportunities

Bank of New York Nominees

Ltd a/c 398398

311,000

.

Proxy Voting:

10. Name of the 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 pic

14. Contact name:

lan Borrows

15. Contact telephone number:

0151 906 2476