Holding(s) in Company

RNS Number:7783T
Financial Payment Systems Limited
27 March 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):
Financial Payment Systems Limited

2. Reason for the notification (please state Yes/No): ( )

An acquisition or disposal of voting rights: ( )

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 specify) : Statutory Notification of holding above 3%

3. Full name of person(s) subject to the notification obligation (iii):
RAB Special Situations (Master) Fund Ltd

4. Full name of shareholder(s) (if different from 3.) (iv):
Credit Suisse Client Nominees (UK) Limited

5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):
Holding as at 16/03/07

6. Date on which issuer notified:
20/03/07 (received 23/03/06)

7. Threshold(s) that is/are crossed or reached:
Above 3%

8. Notified details:
N/A

A: Voting rights attached to shares

Class/type of shares if  Situation previous to the Triggering transaction (vi)
possible using the ISIN
CODE
                         Number of shares    Number of voting Rights (viii)
GB00B14NHP54                     8,000,000                           8,000,000

Resulting situation after the triggering transaction (vii)

Class/type of shares if     Number of   Number of voting     % of voting
possible using the ISIN     shares      rights (ix)          rights
CODE
                            Direct      Direct (x)  Indirect Direct   Indirect
                                                    (xi)
GB00B14NHP54                8,000,000   8,000,000              8.73%

B: Financial Instruments
Resulting situation after the triggering transaction (xii)

Type of      Expiration Exercise/      Number of voting rights that may % of
financial    Date       Conversion     be acquired if the instrument is voting
instrument   (xiii)     Period/ Date   exercised/ converted.            rights
                        (xiv)


Total (A+B)
Number of voting rights                      % of voting rights
                                 
8,000,000                                    8.73%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
RAB Capital plc acts as investment manager for RAB SPECIAL SITUATIONS (MASTER)
FUND LTD. RAB Capital plc does not act as custodian for its clients and
therefore the shares are held in the nominee name of the custodian of its
clients, which is CREDIT SUISSE NOMINEES (UK) LIMITED.

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:
John Ellison

15. Contact telephone number:
+65 6415 3331




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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