Crawley, UK -- (MARKET WIRE) -- May 25, 2007 --
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached(ii):
Spirent Communications plc
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights x
An acquisition or disposal of financial instruments which may result
in the acquisition of shares already issued to which voting rights
are attached
An event changing the breakdown of voting rights
Other (please specify):___________________________________________
3. Full name of person(s) subject to the Aviva plc and
notification obligation (iii): its subsidiaries
4. Full name of shareholder(s) (if different from 3.)(iv):
Registered Holder:
BNY Norwich Union Nominees Limited 10,789,155*
Chase GA Group Nominees Limited 17,599,819*
Chase Nominees Limited 1,818,129*
CUIM Nominee Limited 7,614,113*
Vidacos Nominees Limited 227,769*
* denotes direct interest
5. Date of the transaction (and date on which the threshold is
crossed or reached if different)(v):
22 May 2007
6. Date on which issuer notified:
24 May 2007
7. Threshold(s) that is/are crossed or reached:
3% to 4% Change at Direct Interest level
8. Notified details:
A: Voting rights attached to shares
Class/type Situation previous to Resulting situation after the triggering transaction(vii)
of shares the Triggering
transaction (vi)
if possible Number of Number of Number of Number of voting rights % of voting rights
using the Shares Voting shares ix
ISIN CODE Rights viii Direct Direct x Indirect xi Direct Indirect
Ordinary
Shares
GB0004726096 27,209,781 27,209,781 38,048,985 38,048,985 Not 4.32% Not
disclosable disclosable
B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial Expiration date Exercise/ Conversion Number of voting rights % of voting
instrument xiii Period/ Date xiv that may be acquired if rights
the instrument is
exercised/ converted.
N/A
Total (A+B)
Number of voting rights % of voting rights
38,048,985 4.32%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv:
See Section 4
Proxy Voting:
10. Name of the proxy holder:
See Section 4
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
Figures are based on a total number of voting rights of 880,671,085.
14. Contact name: Neil Whittaker
15. Contact telephone number: 01603 684420
C: Additional information
Contact at Issuer: Michael Anscombe, Deputy Company Secretary,
Spirent Communications plc
Telephone: 01293 767672
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NOTES:
(i) This form is to be sent to the issuer or underlying issuer and to
be filed with the competent authority.
(ii) Either the full name of the legal entity or another method for
identifying the issuer or underlying issuer, provided it is reliable and
accurate.
(iii) This should be the full name of (a) the shareholder; (b) the
person acquiring, disposing of or exercising voting rights in the cases
provided for in DTR5.2.1 (b) to (h); (c) all the parties to the
agreement referred to in DTR5.2.1 (a), or (d) the direct or indirect
holder of financial instruments entitled to acquire shares already issued
to which voting rights are attached, as appropriate.
In relation to the transactions referred to in points DTR5.2.1 (b) to
(h), the following list is provided as indication of the persons who
should be mentioned:
- in the circumstances foreseen in DTR5.2.1 (b), the person that
acquires the voting rights and is entitled to exercise them under the
agreement and the natural person or legal entity who is transferring
temporarily for consideration the voting rights;
- in the circumstances foreseen in DTR 5.2.1 (c), the person holding
the collateral, provided the person or entity controls the voting rights
and declares its intention of exercising them, and person lodging the
collateral under these conditions;
- in the circumstances foreseen in DTR5.2.1(d), the person who has a
life interest in shares if that person is entitled to exercise the voting
rights attached to the shares and the person who is disposing of the
voting rights when the life interest is created;
- in the circumstances foreseen in DTR5.2.1 (e), the parent
undertaking and, provided it has a notification duty at an individual
level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of
any of those situations, the controlled undertaking;
- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of
the shares, if he can exercise the voting rights attached to the shares
deposited with him at his discretion, and the depositor of the shares
allowing the deposit taker to exercise the voting rights at his
discretion;
- in the circumstances foreseen in DTR5.2.1 (g), the person that
controls the voting rights;
- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if
he can exercise the voting rights at his discretion, and the shareholder
who has given his proxy to the proxy holder allowing the latter to
exercise the voting rights at his discretion.
(iv) Applicable in the cases provided for in DTR 5.2.1 (b) to (h). This
should be the full name of the shareholder or holder of financial
instruments who is the counterparty to the natural person or legal entity
referred to in DTR5.2.
(v) The date of the transaction should normally be, in the case of an
on exchange transaction, the date on which the matching of orders occurs;
in the case of an off exchange transaction, date of the entering into an
agreement.
The date on which threshold is crossed should normally be the date on
which the acquisition, disposal or possibility to exercise voting rights
takes effect (see DTR 5.1.1R (3)). For passive crossings, the date when
the corporate event took effect.
These dates will usually be the same unless the transaction is subject to
a condition beyond the control of the parties.
(vi) Please refer to the situation disclosed in the previous
notification, In case the situation previous to the triggering
transaction was below 3%, please state 'below 3%'.
vii If the holding has fallen below the minimum threshold , the
notifying party should not be obliged to disclose the extent of the
holding, only that the new holding is less than 3%.
For the case provided for in DTR5.2.1(a), there should be no disclosure of
individual holdings per party to the agreement unless a party individually
crosses or reaches an Article 9 threshold. This applies upon entering
into, introducing changes to or terminating an agreement.
viii Direct and indirect
ix In case of combined holdings of shares with voting rights attached '
direct holding' and voting rights 'indirect holdings', please split the
voting rights number and percentage into the direct and indirect columns-
if there is no combined holdings, please leave the relevant box blank.
X Voting rights attached to shares in respect of which the notifying
party is a direct shareholder (DTR 5.1)
xi Voting rights held by the notifying party as an indirect
shareholder (DTR 5.2.1)
xii If the holding has fallen below the minimum threshold, the notifying
party should not be obliged to disclose the extent of the holding, only
that the new holding is below 3%.
xiii date of maturity / expiration of the finical instrument i.e. the
date when the right to acquire shares ends.
xiv If the financial instrument has such a period-please specify the
period- for example once every three months starting from the (date)
xv The notification should include the name(s) of the controlled
undertakings through which the voting rights are held. The notification
should also include the amount of voting rights and the percentage held
by each controlled undertaking, insofar as individually the controlled
undertaking holds 3% or more, and insofar as the notification by the
parent undertaking is intended to cover the notification obligations of
the controlled undertaking.
xvi This annex is only to be filed with the competent authority.
xvii Whenever another person makes the notification on behalf of the
shareholder or the natural person/legal entity referred to in DTR5.2 and
DTR5.3.
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