Holding(s) in Company

RNS Number:1482L
Axeon Holdings Plc
04 January 2008




TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1.  Identity of the issuer or the underlying issuer of existing shares to
    which voting rights are attached

    AXEON HOLDINGS PLC


2.  Reason for the notification (please tick the appropriate box or boxes)

    An acquisition or disposal of voting rights                       (X)

    An acquisition or disposal of financial instruments which may     ( )
    result in the acquisition of shares already issued to which
    voting rights are attached

    An event changing the breakdown of voting rights                  ( )

    Other (specify):                                                  ( )



3.  Full name of person(s) subject to the notification obligation:

    Ironshield Capital Management LLP


4.  Full name of shareholder(s) (if different from 3.)

    Ironshield Special Situations Master Fund LP


5.  Date of the transaction (and date on which the threshold is crossed or
    reached if different):

    27th December 2007


6.  Date on which issuer notified:

    27th December 2007


7.  Threshold(s) that is/are crossed or reached:

    15%


8.  Notified details:

A. Voting rights attached to shares

Class/type of shares (if possible using the GB00B08X3Q76
ISIN code)

Situation previous to    Resulting situation after the triggering transaction
 the triggering
  transaction
Number of    Number of   Number of    Number of voting      % of voting rights
Shares       Voting      shares       rights
             Rights 
                                      Direct    Indirect    Direct    Indirect

3,626,250    3,626,250   6,963,750    6,963,750             15.22%




B. Financial Instruments

Resulting situation after the triggering transaction
Type of       Expiration   Exercise/          Number of voting  % of voting
financial     date         Conversion Period/ rights that may   rights
instrument                 Date               be acquired if
                                              the instrument is
                                              exercised/
                                              converted



Total (A+B)

Number of voting rights              % of voting rights

6,963,750                            15.22%



9.  Chain of controlled undertakings through which the voting rights and/
    or the financial instruments are effectively held, if applicable:




Proxy Voting:


10.  Name of the 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:                 Phillip Chapple



15.  Contact telephone number:     020 7464 4223




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

END
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