AXE Axeon Hldgs

RNS Number:1351H
Axeon Holdings Plc
06 November 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):

   AXEON HOLDINGS PLC


2. Reason for the notification (please place an X inside the appropriate 
   bracket/s):

   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: ( )

   Other (please specify) : ( )


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

   IRONSHIELD CAPITAL MANAGEMENT LLP


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

   IRONSHIELD SPECIAL SITUATIONS MASTER FUND LP


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

   2nd November 2007


6. Date on which issuer notified:

   2nd November 2007


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

   Now over 10%


8. Notified details:


A: Voting rights attached to shares

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

             GB00B08X3Q76                 3,192,460            3,192,460

Resulting situation after the triggering transaction (vii)


 Class/type of shares  Number of shares    Number of voting       % of voting
if possible using the                         rights (ix)           rights
      ISIN CODE

                            Direct        Direct (x)  Indirect  Direct  Indirect
                                                        (xi)

     GB00B08X3Q76          3,462,460     3,462,460              10.68%


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
                3,462,460                                 10.68%


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:

    David Campbell


15. Contact telephone number:

    +44 (0) 1382 400040




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

END
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