Director/PDMR Shareholding

19 Jun 2008 14:47

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR3.1.4R(1)

1. An issuer making a notification in respect of a transaction relating to the

shares or debentures of the issuer should complete boxes 1 to 16, 23 and

24.

2. An issuer making a notification in respect of a derivative relating the

shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and

24.

3. An issuer making a notification in respect of options granted to a director

/person discharging managerial responsibilities should complete boxes 1 to

3 and 17 to 24.

4. An issuer making a notification in respect of a financial instrument

relating to the shares of the issuer (other than a debenture) should

complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes should be in block capital letters.

1. Name of the Issuer

PAYPOINT PLC

2. State Whether the notification related to

(i) a transaction notified in accordance with DR 3.1.4R(1); or

i. a disclosure made in accordance with LR 9.8.6R(1); or

ii. a disclosure made in accordance with section 793 of the Companies Act

(2006)

Transaction notified in accordance with (i) above

3. Name of person discharging managerial responsibilities/director

MR DAVID MORRISON

4. State whether notification related to person connected with a person

discharging managerial responsibilities/director name in 3 and identify the

connected person

A PERSON CONNECTED WITH MR DAVID MORRISON

5. Indicate whether the notification is in respect of a holding of the person

referred to in 3 or 4 above or in respect of a non-beneficial interest.

NOTIFICATION IS IN RESPECT OF THE PERSON REFERRED TO IN 4 ABOVE

6. Description of shares (including class), debentures or derivatives or

financial instruments relating to shares

ORDINARY SHARES OF 1/3P EACH

7. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

RIT CAPITAL PARTNERS PLCTROY ASSET MANAGEMENT PLC

1. State the nature of transaction

On 13 June 2008, the Company released the Long Term Incentive Plan (LTIP) awards granted in June 2005. The shares released, including options exercised, were acquired from RIT Capital Partners plc (100,150 shares) and Troy Asset Management plc (100,149 shares) both of which are connected to David Morrison, a Director of the Company.

2. Number of Shares, debentures or financial instruments relating to shares

acquired.

N/A

3. Percentage of issued class acquired (treasury shares of that class should

not be taken into account when calculating percentage)

N/A

4. Number of shares, debentures or financial instruments relating to shares

disposed.

RIT CAPITAL PARTNERS PLC 100,150 SHARES

TROY ASSET MANAGEMENT PLC 100,149 SHARES

5. Percentage of issued class disposed (treasury shares of that class should

not be taken into account when calculating percentage

RIT CAPITAL PARTNERS PLC 0.15%

TROY ASSET MANAGEMENT PLC 0.15%

6. Price per share or value of transaction

‚£6.02

7. Date and place of transaction

13 June 2008, London

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

RIT CAPITAL PARTNERS PLC 6,121,057 SHARES (9.04%)

TROY ASSET MANAGEMENT PLC 7,009,157 SHARES (10.46%)

16. Date issuer informed of transaction

13 JUNE 2008

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

N/A

18. Period during which or date on which it can be exercised.

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved (class and number)

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to

be fixed at the time of exercise.

N/A

22. Total number of shares or debentures over which options held following

notification.

N/A

23. Any Additional information

24. Name of contact and telephone number for queries

CAPITA COMPANY SECRETARIAL SERVICES LIMITED 020 7592 8166

Date of notification19 JUNE 2008End