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Holding(s) in Company

5th Jun 2007 16:05

Axon Group PLC05 June 2007 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: Axon Group Plc 2. Reason for the notification (yes/no): An acquisition or disposal of voting rights: (Yes) 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: ( ) Other (please specify) : ( ) 3. Full name of person(s) subject to the notification obligation: JPMorgan Chase & Co. 4. Full name of shareholder(s) (if different from 3.): J.P. Morgan Investment Management Inc. JPMorgan Asset Management (Japan) Limited JPMorgan Asset Management (UK) Limited 5. Date of the transaction and date on which the threshold is crossed or reachedif different): 01 June 2007 6. Date on which issuer notified: 05 June 2007 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 if possible using the the Triggering ISIN CODE transaction Number of shares Number of voting Rights GB0005669220 Below 5% Below 5% Resulting situation after the triggering transaction Class/type of shares Number of shares Number of voting rights % of voting rights if possible using the ISIN CODE Direct Indirect Direct Indirect GB0005669220 3,048,989 3,048,989 5.13% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Date Exercise/Conversion Number of voting % of voting financial Period/ Date rights that may be rights instrument acquired if the instrument is exercised/ converted. N/A Total (A+B)Number of voting rights % of voting rights 3,048,989 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: Total disclosable holding for JPMorgan Chase & Co.: 3,048,989 (5.13%) Holdings by controlled undertakings of JPMorgan Chase & Co. are as follows: J.P Morgan Investment Management Inc.JPMorgan Asset Management (Japan) LimitedJPMorgan Asset Management (UK) Limited: 3,019,208 (5.08%) Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: Please note the group has other holdings which are covered by exemptions. 14. Contact name: Tracey Young 15. Contact telephone number: 020 7325 4513 Annex Notification Of Major Interests In Shares A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities): JPMorgan Chase & Co. Contact address (registered office for legal entities): 270 Park Avenue, New York, NY 10017 Phone number: 001 212 270 6000 Other useful information (at least legal representative for legal persons): N/A B: Identity of the notifier, if applicable Full name: Tracey Young Contact address: JPMorgan Chase, 13th Floor, 125 London Wall, London EC2Y 5AJ Phone number: 020 7325 5413 [email protected] Other useful information (e.g. functional relationship with the person or legalentity subject to the notification obligation): N/A C: Additional information: N/A This information is provided by RNS The company news service from the London Stock Exchange

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