Axon Group PLC - Holding(s) in Company

RNS Number:8363L
Axon Group PLC
15 January 2008

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Axon Group Plc

2. Reason for the notification (yes/no):

An acquisition or disposal of voting rights: Yes

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 (please specify) :

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

JPMorgan Chase & Co.

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

J.P. Morgan Investment Management Inc.

JF Asset Management Limited

JPMorgan Asset Management (Japan) Limited

JPMorgan Asset Management (UK) Limited

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

11 January 2008

6. Date on which issuer notified:

15 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 Situation previous to
if possible using the the Triggering
ISIN CODE transaction

Number of shares Number of voting Rights

GB0005669220 3,297,711 3,297,711

Resulting situation after the triggering transaction

Class/type of shares Number of shares Number of voting rights % of voting rights

if possible using
the ISIN CODE
Direct Indirect Direct Indirect

GB0005669220 3,083,162 3,083,162 4.89%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of Expiration Date Exercise/Conversion Number of voting % of voting
financial Period/ Date rights that may be rights
instrument acquired if the
instrument is
exercised/
converted.

N/A

Total (A+B)
Number of voting rights % of voting rights

3,083,162 4.89%

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

Total disclosable holding for JPMorgan Chase & Co.: 3,083,162 (4.89%)

J.P. Morgan Investment Management Inc.

JF Asset Management Limited

JP Morgan Asset Management (Japan) Limited

JPMorgan Asset Management (UK) Limited

Proxy Voting:

10. Name of the proxy holder: N/A

11. Number of voting rights proxy
holder will cease to hold: N/A

12. Date on which proxy holder will
cease to hold voting rights: N/A

13. Additional information: Please note the group has other holdings
which are covered by exemptions.

14. Contact name: Tracey Young

15. Contact telephone number: 020 7325 4513

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

END

HOLEELFFVFBEBBK