RNS Number:3880U
Dexion Absolute Limited
19 January 2004


                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     DEXION ABSOLUTE LIMITED


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     BARCLAYS PLC


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.

     ZEBAN NOMINEES LIMITED (THE REGISTERED SHAREHOLDER) FOR 
     BARCLAYS PRIVATE BANK LTD


5)   Number of shares/amount of stock acquired.

     3,621,900 C SHARES


6)   Percentage of issued Class

     5.66%


7)   Number of shares/amount of stock disposed

     N/A


8)   Percentage of issued Class

     N/A


9)   Class of security

     C SHARES OF 10 PENCE EACH


10)  Date of transaction

     15 JANUARY 2004


11)  Date company informed

     19 JANUARY 2004 (LETTER DATED 16 JANUARY 2004)


12)  Total holding following this notification

     3,621,900 C SHARES
               

13)  Total percentage holding of issued class following this notification

     5.66%


14)  Any additional information

     THIS NOTIFICATION IS MADE ON THE BASIS OF 64,000,000 C SHARES IN ISSUE, AND 
     IS PENDING CONVERSION.  THE C SHARES ARE EXPECTED TO CONVERT INTO NEW 
     ORDINARY SHARES OF 1 PENCE EACH ON 10 FEBRUARY 2004.

15)  Name of contact and telephone number for queries

     JO NICOLLE - 01481 717879

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

     Date of Notification

     19 JANUARY 2004


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            The company news service from the London Stock Exchange
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