Holding(s) in Company

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

Microsaic Systems plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

√

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

NIGEL WRAY

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

NIGEL WRAY

PERSHING NOMINEES LIMITED

ROY NOMINEES LIMITED

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

14 March 2013

6. Date on which issuer notified:

15 March 2013

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

7%

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

GB00B547ZY09

Ordinary shares

2,953,800

2,953,800

1,858,720

1,858,720

1,345,080

4.37%

3.16%

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

3,203,800

7.53%

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

Nigel Wray has a beneficial interest in 1,208,720 shares in Microsaic Systems plc

Nigel Wray has a beneficial interest in shares in Microsaic Systems plc held by Pershing Nominees Limited - 650,000

The family of Nigel Wray maintain a beneficial interest in Microsaic Systems plc shares held by Roy Nominees Limited 1,345,080

Proxy Voting:

10. Name of the proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

Figures are based on total number of voting rights 42,539,748

14. Contact name:

Nigel Wray

15. Contact telephone number:

020 7647 7647