Holding(s) in Company

RNS Number:3364R                                                    
Alexon Group PLC
12 February 2002



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

      ALEXON GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SCHRODERS PLC

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



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

     SEE LETTER BELOW

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

      200,000

8)   (N/A%) of issued Class

9)   Class of security

      ORD 10P SHARES

10)  Date of transaction

      08/02/02

11)  Date company informed

      12/02/02

12)  Total holding following this notification

      10,793,035
               
13)  Total percentage holding of issued class following this notification

      17.698%

14)  Any additional information



15)  Name of contact and telephone number for queries

       R. PIGGOTT
       01582 723131

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

     Date of Notification ..12 FEB 2002.....

LETTER TO: ALEXON GROUP

10p ORDINARY SHARES ("SHARES") 


We write to advise you that we, Schroder Investment Management Limited, have an
interest in 10,718,035 shares which are held in portfolios managed by us on a
discretionary basis for clients under investment management agreements. 

Included in this figure are:- 

(i) 7,568,035 shares held in (a) unit trust(s) operated and managed by another
wholly-owned subsidiary, Schroder Unit Trusts Limited (SUTL), and registered or
to be registered in the name of Chase Nominees Limited, and 

(ii) 3,150,000 shares neither registered nor to be registered in the name of
Schroder Nominees Limited. The registration details are shown on the schedule
below. 


An affiliated company, Schroder Investment Management North America Inc (SIMNA
Inc), is managing a portfolio on a similar basis holding a further 75,000
shares. This holding is registered or to be registered in the name of Chase
Nominees Limited. 

We believe that we, our subsidiary and affiliated company are therefore
interested in an overall aggregate of 10,793,035 shares, representing some
17.698% of the total number of shares in issue, namely 60,984,502. 

This notification is made to you:-  

(a) in respect of our interest as investment managers and also by virtue of 
    the fact that we are the parent company of SUTL, 

(b) on behalf of SUTL and SIMNA Inc in relation to the interests they are
    treated as having respectively under the Companies Act 1985 (the Act), and 

                                             
(c) on behalf of Schroders plc., our holding company, which is treated as having 
    an interest in all of the above shares under the Act by virtue of its 
    ownership of ourselves. 

We shall be grateful if you will kindly confirm the total number of shares
currently in issue.  

FROM: SCHRODERS
Alison Dunn 
Regulatory Reporting Officer 
                                            
                                 
                                  10P ORDINARY SHARES 
                                        SCHEDULE 
REGISTRATION                                                 AMOUNT 

British Coal Staff Superannuation a/c: P                     165,000 
Chase Nominees Limited                                       700,000
BT Globenet Nominees Limited A/C 6B                          300,000
Imperial Pensions Nominees Limited                         1,000,000
Mineworkers' Pension Scheme a/c: R                            85,000
Network Nominees (six) Limited                               400,000
Nortrust Nominees Limited                                    500,000 
                                                           3,150,000 



 

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