RNS Number:2753R
Dexion Absolute Limited
24 October 2003

                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

      DEXION ABSOLUTE LTD

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

      CO-OPERATIVE INSURANCE SOCIETY LTD

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.



5)   Number of shares/amount of stock acquired.

      11,000,000

6)   Percentage of issued Class

      17.19%

7)   Number of shares/amount of stock disposed


8)   Percentage of issued Class


9)   Class of security

      'C' SHARES OF 10P EACH

10)  Date of transaction

       23 OCTOBER 03

11)  Date company informed

       23 OCTOBER 03

12)  Total holding following this notification

       11,000,000
               
13)  Total percentage holding of issued class following this notification

       17.19%

14)  Any additional information

      ADVICE MADE BY FAX LETTER DATED 23 OCTOBER 2003
      FOLLOWED BY ORIGINAL RECD 24 OCTOBER 2003 -
      UNDER SECTION 198 TO 210A

15)  Name of contact and telephone number for queries

      STELLA FALLAIZE - 01481 717884

16)  Name and signature of authorised company official responsible for 
     making this notification    JO NICOLLE, MANAGER - COMPLIANCE

     Date of Notification 24 OCTOBER 2003





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