Holding(s) in Company

    RNS Number : 3769D
  Axeon Holdings Plc
  12 September 2008
   


 For filings with the FSA include the annex
 For filings with issuer exclude the annex 

 TR-1: Notifications of Major Interests in Shares

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


 2. Reason for notification (yes/no)

 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
                                                                               X
 Other (please specify):______________

 3. Full name of person(s) subject to notification         Saracen Growth Fund
 obligation:

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

 5. Date of transaction (and date on which the threshold        10/09/08
 is crossed or reached if different):

 6. Date on which issuer notified:                              12/09/08

 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 the triggering        Resulting situation after the triggering transaction
 If possible use ISIN  transaction
 code
                       Number of shares      Number of voting      Number of shares  Number of voting rights   Percentage of voting
                                             rights                                                            rights

                                                                                     Direct     Indirect       Direct        Indirect

 GB00B08X3Q76          2,309,196             2,309,196             2,286,328         2,286,328  N/A            4.86%         N/A

 B: Financial Instruments

 Resulting situation after the triggering transaction

 Type of financial instrument  Expiration date  Exercise/ conversion  No. of voting rights  Percentage of voting
                                                period/date           that may be acquired  rights
                                                                      (if the instrument
                                                                      exercised/converted)



 Total (A+B)

 Number of voting rights  Percentage of voting rights
 2,286,328                4.86%

 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 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


    For notes on how to complete form TR-1 please see the FSA website. 

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