Holding(s) in Company

    


nCipher Plc



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are                                                         nCipher plc
attached:
------------------------------------------------------ ----------------------------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights                                                                x
----------------------------------------------------------------------------------------------------- -----------
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issues to which voting rights are attached
----------------------------------------------------------------------------------------------------- -----------
An event changing the breakdown of voting rights
----------------------------------------------------------------------------------------------------- -----------
Other (please
 specify):
----------------------------------------------------------------------------------------------------- -----------
3. Full name of person(s) subject to the                                                         Deutsche Bank AG
notification obligation:
-----------------------------------------------------------------------------------------------------------------
4. Full name of shareholder(s) (if different
from 3.):
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5. Date of the transaction and date on
which the threshold is crossed or                                                               22 September 2008
reached:
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6. Date on which issuer notified:                                                               24 September 2008
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7. Threshold(s) that is/are crossed or                                                                  5% and 6%
reached:
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8. Notified details:
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A: Voting rights attached to shares
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Class/type of      Situation previous      Resulting situation after the triggering transaction
shares             to the Triggering
                   transaction
if possible using  ----------------------------------------------------------------------------------------------
the ISIN CODE      Number      Number      Number        Number of voting          % of voting rights
                   of          of          of shares     rights
                   Shares      Voting      ------------- ------------------------- ------------------------------
                               Rights      Direct        Direct      Indirect      Direct        Indirect
-------------------------------------------------------- ----------- ------------- ------------- ----------------
    nCipher plc
   0.527 pence
      ordinary       721,336     721,336     1,021,336    1,021,336                    6.04

GB003247546
-------------------------------------------------------- ----------- ------------- ------------- ----------------


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B: Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial       Expiration  Exercise/ Conversion     Number of voting            % of voting
instrument              date         Period/ Date            rights that may be          rights
                                                             acquired if the
                                                             instrument is
                                                             exercised/ converted.
------------------------------------------------------------ --------------------------- ------------------------

------------------------------------------------------------ --------------------------- ------------------------


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Total (A+B)
-----------------------------------------------------------------------------------------------------------------
Number of voting rights                            % of voting rights
-----------------------------------------------------------------------------------------------------------------
1,021,336                                          6.04%
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9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
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                                                                               ----------------------------------

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Proxy Voting:
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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:
-------------------------------------------------------------------- --------------------------------------------


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 13. Additional information:
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14. Contact name:                                                                                      Liz Harris
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15. Contact telephone number:                                                                  +44 (0)1223 723612
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Ncipher (LSE:NCH)
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