Holding(s) in Company

RNS Number:1995Y
Alexon Group PLC
4 July 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 BELOW

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     ORD 10P SHARES

10)  Date of transaction

     

11)  Date company informed

     3/7/02
     (5.36 PM)

12)  Total holding following this notification

     10,093,035
               
13)  Total percentage holding of issued class following this notification

     16.435%

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 ...4 JULY 2002.........




LETTER TO: ALEXON GROUP 

LETTER DATED: 03 JULY 2002


10p ORDINARY SHARES ("SHARES")

We write to advise you that we, Schroder Investment Management Limited, have an
interest in 10,018,035 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)   7,468,035 shares held in (a) unit trust(s) operated and managed by an 
      affiliated company, Schroder Unit Trusts Limited (SUTL), and registered or 
      to be registered in the name of Chase Nominees Limited, and

(ii)  2,550,000 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 10,093,035 shares, representing some 
16.435% of the total number of shares in issue, namely 61,412,909.

This notification is made to you:-

(a)   in respect of our interest as investment managers.

(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 SIMNA Inc. SUTL and ourselves.


LETTER FROM: SCHRODER INVESTMENT MANAGEMENT LIMITED



                           10P ORDINARY SHARES
                                 SCHEDULE

REGISTRATION                                                            AMOUNT

British Coal Staff Superannuation a/c: P                               165,000
BT Globenet Nominees Limited A/C 6B                                    300,000
Chase Nominees Limited                                                 700,000
Imperial Pensions Nominees Limited                                     900,000
Mineworkers' Pension Scheme a/c: R                                      85,000
Nortrust Nominees Limited                                              400,000
                                                                     2,550,000



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