Notification of Major Interes

For filings with the FSA include the annex

For filings with issuer exclude the annex 

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:

Danka Business Systems PLC

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):______________

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

Mr AD Frazier

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

Cypress Merchant Banking Partners II LLP

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

27 June 2008

6. Date on which issuer notified:

30 June 2008

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

31%

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

Ordinary Shares

1,540,228

1,540,228

118,208,321

1,540,228

116,668,101

0.40%

30.67%

B: 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

Total (A+B)

Number of voting rights

Percentage of voting rights

118,208,321

31.07%

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

Proxy Voting:

10. Name of proxy holder:

Mr AD Frazier

11. Number of voting rights proxy holder will cease to hold:

116,668,101

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

27 June 2008 

13. Additional information:

Mr AD Frazier is the Chairman of Danka Business Systems PLC. He has been appointed as proxy for holders of 116,668,101 Danka Ordinary Shares to vote on resolutions at the EGM to be held on 27 June 2008. The terms of Mr Frazier's appointment as proxy allow him to exercise his discretion to vote on matters proposed at the EGM which have not been set out in the Notice of Meeting. 

When proxy expires:

27.81% of the voting rights will return to Cypress Merchant Banking Partners II LLP

14 Contact name:

Jean Dinovo Johnson Company Secretary

15. Contact telephone name:

+1 727 622 4745