TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Fairpoint Group Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voti ng rights

An acquisition or disposal of qualifyi ng fi nancial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instrume nts with similar economic effect to qualifyi ng financial i nstruments

x

An event changi ng the breakdown of voting rights

Other (please specify):

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

Henderson Global Investors

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

15 January 2013

6. Date on which issuer notified:

17 January 2013

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

23%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/ type of shares

if possible using the IS IN CODE

Situation previous to the triggering tran saction

Resulting situation after the triggering tran saction

Class/ type of shares

if possible using the IS IN CODE

Number

of

Shares

Number

of Voting Rights

Number

of shares

Number of voting

rights

% of vo ting rights x

Class/ type of shares

if possible using the IS IN CODE

Number

of

Shares

Number

of Voting Rights

Direct

Direct xi

Indirect xii

Direct

Indirect

GBP0.01

GB0032360280

7,347,182

7,347,182

7,347,182

17.51%

B: Qualifying Financial Instruments

Resulting situation after the triggering tran saction

Type of financial instrument

Expiration date xiii

Exercise/

Conver sion Period xiv

Number of voting rights that may be acquired if the instrument i s exercised/ converted.

% of vo ting rights

C: Financial Instruments with similar economic effect to Qualifying F inancial Instruments

xv, xvi

Resulting situation after the triggering tran saction

Type of financial instrument

Exercise price

Expiration date xv ii

Exercise/ Conver sion

period xviii

Number of voting righ ts instrument refer s to

% of vo ting rights xix,

xx

CFD

2,000,000

Nominal

Delta

CFD

2,000,000

4.76%

Total (A+B+C)

Number of voting righ ts

Percentage of voting rights

9,347,182

22.27%


9. Chain of contro lled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

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:

Balenkosi Dungeni

15. Contact telephone number:

020 7818 3747

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(includi ng legal form of legal entities)

Contact address

(registered office for legal entities)

Phone number & email

Other u seful information

(at least legal representati ve for legal persons)

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other u seful information

(e.g. functional relati onship with the person or legal entity subject to the notific ation obligation)

C: Additional in formation

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