RNS Number : 7644G
  Phoenix IT Group PLC
  27 October 2008
   

                                                                                                                                            
                                                           
   TR-1                                                                                       Notification of a Major Interest in Shares    
                                                           
                                                                                                                                            
                                                           
      1. Identity of the issuer or the underlying                                             PHOENIX IT                                    
                                                           
   issuer of existing shares to which voting rights                                                                                         
                                                           
                     are attached                                                                                                           
                                                           
 
 
 
                                          
                                                                                                                                            
                                                           
                                                                                       2. Reason for Notification                           
                                                           
                                                                     An acquisition or disposal of voting rights                            
                                               X           
                An acquisition or disposal of financial instruments which may result in the aquisition of shares already issued to which
voting rights are attached.                                    
                                                                  An event changing the breakdown of voting rights                          
                                                           
                                                                                Other: Please Specify                                       
                                                           
                          3. Full name of person(s) subject to the notification obligation                                 AXA S.A, 25
Avenue Matignon, 75008 Paris and its group of companies          
                                4. Full name of shareholder(s) if different from 3.                                                         
                                                           
                    5.Date of the transaction and date in which threshold is crossed or breached                                            
          23/10/2008                                       
                                          6.Date on which issuer notified                                                                   
          24/10/2008                                       
                                  7. Threshold(s) that is/are crossed or reached:                                                           
            11 %.                                          
                                                8. Notified details:                                                                        
                                                           
                                                                                                                                            
                                                           
                                                                                   A: Voting rights attached to shares                      
                                                           
   Class or Type of shares       Situation Previous to the triggering transaction          Resulting situation after the triggering
transaction                                                         
           Number of shares      Number of voting rights                  Number of shares                Number of voting        % of
voting rights
                                                                                                          rights
                                                      Direct              Direct           Indirect       Direct                            
      Indirect
                                      7,726,448                    7,726,448                      494,885             494,885       
8,484,094                  0.66                      11.29         
   B0315W6
                                                                                                                                            
                                                           
                                                                                                                                            
                                                           
                                                                                        B: Financial Instruments                            
                                                           
   Resulting situation after triggering transaction                                                                                         
                                                           
   Type of Financial Instrument  Expiration date      Exercise / conversion period / date  Number of voting rights that may be acquired if
the instrument is exercised / converted  % of voting rights  
                                                                                                                                            
                                                           
                                                                                                                                            
                                                           
                                                                                                                                            
                                                           
                                                                                               Total A + B                                  
                                                           
                                  Number of Voting Rights                                                                              % of
voting rights                                               
                                         8,978,979                                                                                          
11.95%                                                     
                                                                                                                                            
                                                           
                                                                                                                                            
                                                           
                                                                                                                                            
                                                           
                                                                                                                                            
                                                           
                                                                                                                                            
                                                           
                                                                                                                                            
                                                           
   Proxy Voting                                                                                                                             
                                                           
   10. Name of proxy holder:                                                                                                                
                                                           
   11. Number of Voting rights Proxy Holder will cease to hold:                                                                             
                                                           
   12. Date on which proxy holder will cease to hold voting rights:                                                                         
                                                           
                                                                                                                                            
                                                           
   13.Additional Information:                                                                                                               
                                                           
   14. Contact Name                                   Kyere Tabiri                                                                          
                                                           
   15. Contact telephone number                       020 7003 1510                                                                         
                                                           
                                                                                                                                            
                                                           

           9.Chain                                                                                                                        
            
            
            
            
            
            
                      Name of the Company / Fund                                 Number of Shares                            % of issued
share capital
           AXA                                                            108,270.00                               0.14409
                                                                                                                    
           Direct                                                                                                   
           AXA Framlington                                                7,258,049.00                             9.65929
                                                                                                                    
           Indirect                                                                                                 
           AXA Rosenberg                                                  373,874.00                               0.49757
                                                                                                                    
           Direct                                                                                                   
           AXA Rosenberg                                                  1,226,045.00                             1.63167
                                                                                                                    
           Indirect                                                                                                 
           AXA Winterthur                                                 12,741.00                                0.016956205
                                                                                                                    
           Direct                                                                                                   
                                                                                                                                          
                                                Total Direct                         494,885                                         
0.65861
                                              Total Indirect                        8,484,094                                        
11.29095
                                                       TOTAL                        8,978,979                                        
11.94957



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