Subst. Shareholder Change

RNS Number:4309Q
Albidon Limited
31 January 2007


                                                                                                          Level 1
                                                                                                  62 Colin Street
                                                                                                West Perth   6005
ALBIDON LTD                                                                                     Western Australia
                                                                                                 ARBN 107 288 755



                                                                                             Tel:x+61x8x9211 4600
                                                                                     Fax:x +61x8x9211 4699 Email:
                                                                                                [e-mail]
                                                                                                    ASX Code: ALB
                                                                                                    AIM Code: ALD




via electronic lodgement



31 January 2007



         NOTICE OF CHANGE IN SIGNIFICANT AND SUBSTANTIAL SHAREHOLDINGS



Albidon Limited advises that the following relevant changes to Significant and
Substantial shareholdings in the Company have taken place following the recent
capital raising.




                          Class of             Previous notice                   Present Notice
                          Securities
                                           Votes        Voting Power         Votes         Voting Power
Commonwealth Bank of
Australia                 Ordinary       12,039,686        8.13%          13,861,559           9.36%




Please note: "Substantial Shareholding" is defined for the purposes of this
document, under section 671B of the Australian Corporations Act and ASX listing
rules, as a relevant interest of not less than 5% of the total votes attached to
the voting shares in the Company.



"Significant Shareholding" is defined in the AIM listing rules as a shareholder
of 3% or more of the total votes attached to the voting shares in the Company.



If you have any queries please contact the Company Secretary, Nicholas Day on
[phone]  or email [e-mail]



Additional information may also be viewed on Albidon's website at
www.albidon.com


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