RNS Number:6663R
Axon Group PLC
04 November 2003

Axon Group plc ("the Company")

Notification of Major Interests in Shares

The Company has received two notifications from Threadneedle Asset Management
Limited, one on behalf of American Express Company and its Group " AXP" and one
on behalf of Zurich Financial Services and its Group "ZFS", informing it of
notifiable interests in the Company.

AXP has a total interest in 6,834,900 shares representing 13.14% of the
Company's issued share capital. Included in this total are 3,547,000 shares,
representing 6.82% of the Company's issued share capital, relating to assets
that AXP are managing on behalf of ZFS. ZFS has a total notifiable interest of
3,547,000 shares representing 6.82% of the Company's issued share capital.

All the shares are registered in the name of Littledown Nominees Ltd.

4 November 2003


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