RNS Number:7173U
Dexion Absolute Limited
28 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

      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 ABOVE

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

      THE BENEFICIAL HOLDER IS THE CO-OPERATIVE INSURANCE SOCIETY LIMITED

5)   Number of shares/amount of stock acquired.

      N/A

6)   Percentage of issued Class

      N/A

7)   Number of shares/amount of stock disposed

     1,000,000

8)   Percentage of issued Class

     2.94%

9)   Class of security

     ORDINARY SHARES OF 1 PENCE

10)  Date of transaction

      26 JANUARY 2004

11)  Date company informed

      27 JANUARY 2004

12)  Total holding following this notification

      8,000,000
               
13)  Total percentage holding of issued class following this notification

      23.53%

14)  Any additional information

     THIS NOTIFICATION IS MADE ON THE BASIS OF
     34,00,000 ORDINARY SHARES IN ISSUE, WHICH
     EXCLUDES THE EFFECT OF THE C SHARE 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-ANNA NICOLLE - 01481 717879

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

     Date of Notification 28 JANUARY, 2004





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