Holding(s) in Company

RNS Number:4460A
Alexon Group PLC
2 July 2004

                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     ALEXON GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     UBS GLOBAL ASSET MANAGEMENT LIFE LIMITED

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)   Percentage of issued Class


7)   Number of shares/amount of stock disposed


8)   Percentage of issued Class


9)   Class of security

     ORD 10P SHARES

10)  Date of transaction



11)  Date company informed

     01/07/04

12)  Total holding following this notification

     2,833,508
               
13)  Total percentage holding of issued class following this notification

     4.73%

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 .... 1/7/04



LETTER TO: ALEXON GROUP
DATED 29 JUNE 2004

Re: S.198 Companies Act 1985: as amended by The Disclosure of Interest in
Shares (Amendment) Regulations 1993

In accordance with the Companies Act 1985, (as amended) I write to notify you
that UBS Global Asset Management Life Ltd has an interest in 2,833,508 ord 10p
shares of the Company.  This represents 4.73% of the issued share capital of
the Company.

Please find attached a list of the Registered holders.

UBS Global Asset Management Life Ltd is a subsidiary of UBS Global Asset 
Management Holding (No. 2) Ltd which is also treated as having an interest in
the above shares.  We are authorised to make this aggregate disclosure on 
behalf of UBS Global Asset Management Holding (No. 2) Ltd the registered
address of which is:

                    21 Lombard Street
                    London
                    EC3V 9AH

From:  L Tyler
       Legal & Compliance Department
       UBS Global Asset Management




                                 ALEXON GROUP

            Total Issued Share Capital     -    59,799,341

Name                                                        Quantity

PHILDREW NOMINEES LIMITED          A/C LF09                  190,790

PHILDREW NOMINEES LIMITED          A/C LF20                2,642,718

                                                           2,833,508

                                                               4.73%

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