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TR-1i: 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):

IBS OPENSystems plc

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):

Yes - Now disclosing at a Group Level

3. Full name of person(s) subject to the notification obligation (iii):

  Montanaro Group

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

5. Date of the transaction and date on which the threshold is crossed or  reached (v):

6. Date on which issuer notified:

12/06/08

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

  3%

8. Notified details:

……………..

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction (vi)
Ordinary	Number of shares	Number of voting Rights (viii)
GB00B06HS226	1,521,000	1,521,000

Resulting situation after the triggering transaction (vii)

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights (ix)		% of voting rights
		Direct (x)	Indirect (xi)	Direct	Indirect
	1,521,000	1,521,000	n/a	3.98%	n/a

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of financial instrument	Expiration Date (xiii)	Exercise/Conversion Period/ Date (xiv)	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
1,521,000	3.98%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):

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:

  Matthew Francis, Montanaro

15. Contact telephone number:

  0207 448 8600……………..

 

ENDHOLSFASADSASEIM