Crawley, UK -- (MARKET WIRE) -- March 27, 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 pecify):___________________________________________
3. Full name of person(s) subject to the Credit Suisse Asset
notification obligation (iii): Management Limited
4. Full name of shareholder(s) (if HSBC Global Custody
different from 3.)(iv): Nominees (UK) Limited
JPM Chase Nominees Limited
ROY Nominees Limited
Vidacos Nominees Limited
5. Date of the transaction (and date on 22/03/2007
which the threshold is crossed or
reached if different)(v):
6. Date on which issuer notified: 26/03/2007
7. Threshold(s) that is/are crossed
or reached: 6%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares Situation previous to the Triggering
transaction if possible (vi)
using the ISIN CODE
Number of Shares Number of Voting Rights
viii
GB0004726096 52,187,604 52,187,604
A: Voting rights attached to shares
Class/type of shares Resulting situation after the triggering
transaction if possible (vii)
using the ISIN CODE
Number of Number of voting rights % of voting
shares ix rights
Direct Direct x Indirect xi Direct Indirect
GB0004726096 55,687,604 55,687,604 0 6.28% 0
B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial Expiration date Exercise/ Conversion
Period/ Date xiii xiv
instrument
N/A N/A N/A
B: Financial Instruments
Resulting situation after the triggering transaction xii
Number of voting rights that may be % of voting rights
acquired if the instrument is
exercised/ converted.
N/A N/A
Total (A+B)
Number of voting rights % of voting rights
55,687,604 6.28%
9. Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held, if
applicable xv:
Credit Suisse Asset Management Limited is a segregated business unit
within Credit Suisse Group (CSG) with an independent management
structure and exercises its voting rights independently from other
parts of CSG.
Proxy Voting:
10. Name of the proxy holder: N/A
11. Number of voting rights
proxy holder will cease to hold: N/A
12. Date on which proxy holder will
cease to hold voting rights: N/A
13. Additional information: N/A
14. Contact name: Ross Keogh
15. Contact telephone number: 020 7888 9746
C: Additional information
Contact at Issuer: Michael Anscombe,
Deputy Company Secretary,
Spirent Communications plc
Telephone: 01293 767676
--------------------------
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 cquisition, 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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