RNS Number:1364M
Dexion Absolute Limited
10 June 2003



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     DEXION ABSOLUTE LIMITED

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     CO-OPERATIVE INSURANCE SOCIETY LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

      AS IN 2

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

      AS IN 2

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

      1,000,000

8)   (2.94%) of issued Class

9)   Class of security

      ORDINARY

10)  Date of transaction

      06/06/03

11)  Date company informed

      09/06/03

12)  Total holding following this notification

      9,000,000
               
13)  Total percentage holding of issued class following this notification

      26.47%

14)  Any additional information

      NOTIFICATION BY FAX

15)  Name of contact and telephone number for queries

     JO-ANNA NOCOLLE
     01481 717879

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ..10 JUNE 2003.....



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

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