Citel. The VoIP Migration Company

Notification of Major Interests in Shares

Holding(s) in Company

March 20, 2007

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Citel
2. Reason for Notification:
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:
3. Full name of person(s) subject to the notification obligation:
AXA S.A., 25 Avenue Matignon, 75008 Paris and its group of companies
4. Full name of shareholder(s)( if differnt from 3.):
5. Date of the transaction and date in which threshold is crossed or reached:
02/03/2007
6. Date on which issuer notified:
05/03/2007
7. Threshold(s) that is/are crossed or reached:
8. Notified details:
 
A. Voting Rights Attached to Shares
Class/Type of Shares
Situation previous to the triggering transaction
Resulting situation after the triggering transaction
Number of shares
Number of voting rights
Number of shares
Number of voting rights
% of voting rights
     
Direct
Direct
Indirect
Direct
Indirect
B13JQB3    
0
0
 2,463,150 0.00 11.34
 
B. Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument
Expiration date
Exercise/Conversion Period/Date
Number of voting rights that may be acquired if the instrument is exercised/converted
% of voting rights
         
 
Total A + B
Number of voting rights
% of voting rights
2,463,150
11.34%
 
9. Chain:    
Name of the Company / Fund
Number of shares
% of issued share capital
AXA Framlington - SEI UK Equity Indirect
231,575
1.06633
AXA Framlington - Framlington AIM VCT Indirect
526,325
2.42357
AXA Framlington - Framlington AIM VCT2 Indirect
789,475
3.63529
AXA Framlington - UK Smaller Companies Indirect
915,775
4.21686

Total Direct

Total Indirect

Total

0

2,463,150

2,463,150

0.00000

11.34206

11.34206
 
Proxy Voting:
10. Name of the proxy holder:
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:
14. Contact name:
Terry Marsh
15. Contact telephone number:
020 7003 2637

The contents of this Press Release may contain forward-looking statements which can be generally identified as such because the context of the statement will include the words such as Citel plc "expects", "should", "believes", "anticipates" or words of similar import. Such forward looking statements are subject to certain risks and uncertainties including the financial performance of Citel plc which could cause actual results, performance or achievements of Citel plc to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.

Copyright 2007, Citel plc. All Rights Reserved.

Citel and The VoIP Migration Company are trademarks of Citel Technologies, Inc. All other product and company names mentioned herein may be trademarks of their respective owners.

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Jose David
Citel Technologies
jose.david@citel.com
206-957.6270
www.citel.com

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Cardew Group
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