Netscientific Regulatory News (NSCI)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

NetScientific 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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

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

An event changing the breakdown of voting rights

Other (please specify):

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

Cyrus Holdings Limited

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

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

4 June 2015

6. Date on which issuer notified:

5 June 2015

7. Threshold(s) that is/are crossed orreached: vi, vii

5% to 4% (inclusive)

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary shares of 5p

1,927,020

5.4%

1,230,453

1,230,453

3.4%

GB00B9F4MT28

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

1,230,453

3.4%

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

Proxy Voting:

10. Name of the proxy holder:

Cyrus Holdings Limited

11. Number of voting rights proxy holder will ceaseto hold:

696,567

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

18 June 2015

13. Additional information:

This form should be read together with the forms of White Mustard Investments Limited and Zahra Holdings Limited, also completed on this date, which together with Cyrus Holdings Limited in total held 17,152,020 shares representing 47.8 per cent of the Company's issued share capital prior to this notification and now hold 10,952,000 shares representing 30.5% of the Company's issued capital. 

14. Contact name:

Steve Gully

15. Contact telephone number:

01534 813183