Schedule 1 Update - Netcall Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Netcall plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

10 Harding Way

St Ives

Cambridgeshire

PE27 3WR

COUNTRY OF INCORPORATION:

UK

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.netcall.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Netcall plc ("Netcall") is a Cambridge based company and its ordinary shares are admitted to trading on AIM. Netcall designs, develops and markets a range of callback, auto messaging and contact and workforce management solutions to organisations of a wide range of sizes and industry sectors, including many blue-chip companies. Netcall generates revenue from software licences, plus support and maintenance and the provision of its products through a software as a service (SaaS) model. The run rate aggregate revenues from support and maintenance and the SaaS model are of a recurring nature and exceed the Netcall Group's operating costs.

On 1 June 2010, Netcall and Telephonetics plc ("Telephonetics") announced that they had agreed the terms of a recommended acquisition by Netcall of the entire ordinary share capital of Telephonetics. Telephonetics is a UK-based company quoted on AIM that provides business solutions that enable its clients to streamline the interaction with their own customers, thereby enhancing service levels, increasing efficiency and reducing overall operating costs. These solutions are built on its own platforms: SEMAP+ communications platform (Speech Enabled Multi-Application Platform) which blends advanced speech recognition and voice automation; and Eden which enables data integration.

Netcall identified Telephonetics' product portfolio and customer base as being complementary to Netcall and believes that the acquisition is synergistic. The acquisition of Telephonetics is a reverse take-over for Netcall under Rule 14.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Re-admission of 121,236,201 ordinary shares of 5 pence each

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

No capital will be raised on admission. Market capitalisation on admission is anticipated to be £14 million (based on Netcall's current share price)

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

42.35 per cent.

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

NA

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Michael Jackson, Chairman

Henrik Bang, Chief Executive Officer

Roger Allsop, Non-executive director

Proposed Directors

James Ormondroyd, Group Finance Director

Michael Neville, Non-executive Director

Mark Brooks, Non-executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before admission

After admission

* held within Gartmore Investment Management Ltd

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

NA

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 30 June

(ii) 31 December 2009

(iii) 31 December 2010, 31 March 2011, 31 December 2011

EXPECTED ADMISSION DATE:

30 July 2010

NAME AND ADDRESS OF NOMINATED ADVISER:

Evolution Securities Limited

100 Wood Street

London

EC2V 7AN

NAME AND ADDRESS OF BROKER:

Evolution Securities Limited

100 Wood Street

London

EC2V 7AN

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

Copies of this document are available free of charge from the Company's registered office

of 10 Harding Way, St Ives, Cambridgeshire, PE27 3WR and at the offices of Osborne Clarke, One London Wall, London EC2Y 5EB

DATE OF NOTIFICATION:

29 July 2010

NEW/ UPDATE:

UPDATE