Holding(s) in Company

RNS Number:4571L
Axeon Holdings Plc
09 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                       ( )

    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):   Percentage drop in holding due to rights issue (X )

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

    Saracen Growth Fund

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

    As above

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

6.  Date on which issuer notified:

    7th January 2008

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

    5%

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

2,623,362    2,623,362     2,623,362    2,623,362  n/a        5.73%     n/a


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

2,623,362                            5.73%

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:                 Jim Fisher

15.  Contact telephone number:     0141 248 2277





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

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