RNS Number:1639L
Axon Group PLC
15 May 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     AXON GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     AEGON ASSET MANAGEMENT

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.

      CHASE NOMINEES LTD

5)   Number of shares/amount of stock acquired.

     100,000

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

       -

8)   ( N/A %) of issued Class

9)   Class of security

       ORDINARY SHARES

10)  Date of transaction

      -

11)  Date company informed

      14/05/2003

12)  Total holding following this notification

      3,879,115
               
13)  Total percentage holding of issued class following this notification

      7.46%

14)  Any additional information

      -

15)  Name of contact and telephone number for queries

      HAYLEY LEWIS
      01784 480864

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

     Date of Notification ....15/5/2003.....



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

END

HOLQELFFXEBFBBX