Intec Telecom Systems PLC announces admission to listing on the Official List of the UK Listing authority, inclusion in the techMARK index and to trading on the London Stock Exchange.

London, 16th June 2000: Intec Telecom Systems PLC (the “Company”) today announces its admission to listing on the Official List and commencement of unconditional trading on the London Stock Exchange. The Company will also be included on the techMARK index, an index dedicated to innovative technology companies. The Company will be classified under the software sector.

This follows the announcement on 9 June 2000 that the Global Offer of 24,570,178 Ordinary Shares in the Company was approximately ten times oversubscribed. The offer price was set at 205p per Ordinary Share, the top of the indicative price range, valuing the Company at approximately £300 million.

Kevin Adams, Intec Telecom Systems’ Chief Executive, commented: “The oversubscription and successful listing is evidence that there is growing appeal in well-founded high-tech businesses for the investment community. Investors have made it clear to us that they are still very interested in software and telecoms companies with a strong, long-term business plan and the proven ability to execute it.”

Robert Fleming & Co. Limited is acting as sole Sponsor, Lead Manager and Bookrunner for the Global Offer. Investec Henderson Crosthwaite is acting as Co-Lead Manager. The Global Offer is now wholly unconditional.