RNS Number:0122Q
Axon Group PLC
22 September 2003


                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     AXON GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ZURICH FINANCIAL SERVICES & ITS GROUP

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.

     LITTLEDOWN NOMINEES LTD (SEE BELOW)

5)   Number of shares/amount of stock acquired.

     NOT DISCLOSED

6)   Percentage of issued Class

     -

7)   Number of shares/amount of stock disposed

     -

8)   Percentage of issued Class

     -

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction



11)  Date company informed

     19/09/2003

12)  Total holding following this notification

     6,834,900
               
13)  Total percentage holding of issued class following this notification

     13.1%

14)  Any additional information



15)  Name of contact and telephone number for queries

     MATT DAVISON
     01784-480882

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

     Date of Notification      22/9/2003




                                   Axon Group PLC


Registered                                                    Ordinary 1p Shares

Littledown Nominees Ltd              A/c 10490                           490,000
Littledown Nominees Ltd              A/c 10488                           855,000
Littledown Nominees Ltd              A/c 21667                           741,000
Littledown Nominees Ltd              A/c 07203                           560,000
Littledown Nominees Ltd              A/c 10479                             1,900
Littledown Nominees Ltd              A/c 07197                         1,700,000
Littledown Nominees Ltd              A/c 05576                         2,340,000
Littledown Nominees Ltd              A/c 05577                           147,000

TOTAL                                                                  6,834,900


Notes
 
Littledown Nominees Ltd is a nominee for the ZFS Group subsidiaries: Allied 
Dunbar Assurance plc, Eagle Star Insurance Company Ltd; Eagle Star Life 
Assurance Company Ltd; Zurich Financial Services UK Pension Trustee Ltd; Eagle 
Star Executives Pension Trustee Ltd; Eagle Star Securities Ltd; Sceptre Trust 
Ltd; Home & Overseas Insurance Company Ltd; Threadneedle Pensions Ltd; and J.P. 
Morgan Trustee and Depositary Company Ltd, the Trustee for Eagle Star Unit 
Managers Ltd and the Depository to Threadneedle Investment Funds ICVC. It is 
also a nominee for various companies not within the ZFS Group.

ZFS is Zurich Financial Services, a company incorporated in Switzerland. 

This notification is made on behalf of:

Allied Dunbar Assurance plc;

Eagle Star Life Assurance Company Ltd, Eagle Star Unit Managers Ltd and Eagle 
Star Holdings Limited;

Threadneedle Asset Management Ltd, Threadneedle Pensions Ltd, Threadneedle 
Investment Services Ltd, Threadneedle Investment Funds ICVC and Threadneedle 
Asset Management Holdings Ltd;

Allied Zurich Holdings Ltd, Zurich Financial Services (UKISA) Ltd, Zurich Group 
Holding, Zurich Insurance Company and Allied Zurich plc, the intermediate 
holding companies of the aforementioned companies, and Zurich Financial 
Services, their ultimate holding company.

The shares could be available for lending and this could lead to a short term 
re-registration.


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

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