AVID HOLDINGS PLC("AVID" OR THE "COMPANY")                   

HOLDING IN COMPANY                               


Pursuant to the Financial Services Authority's Disclosure and Transparency
Rules, the Company received notification on 25 October 2007 from Mrs A Perham
that, following the purchase of 6,000,000 Avid shares she now holds 18,000,000
ordinary shares representing approximately 4.79 per cent. of the Company's
issued share capital.

The issued share capital of the Company is 375,666,665 ordinary shares of 0.5
pence per share.


Contact:-

Avid                               Tel: 01622 872022                         
Jonathan Neal, Director                                                      
                                                                             
City Financial Associates          Tel: 020 7492 4777                        
Limited                                                                      
Ross Andrews, Nominated Adviser                                              


END
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