ASD Axis-Shield

RNS Number:9669X
Axis-Shield PLC
06 February 2006


                              ANNOUNCEMENT TO
                      THE LONDON STOCK EXCHANGE AND
                          THE OSLO STOCK EXCHANGE


It was today intimated to Axis-Shield plc that FMR Corp and Fidelity
International Limited and their direct and indirect subsidiaries, being non-
beneficial holders (together "Fidelity Investments") and shareholders
collectively holding more than 3% of the shares in Axis-Shield plc, has disposed
of 335,875 ordinary shares since last disclosure on 19 October 2005.

Before the relevant disposal, Fidelity Investments held 4,387,792 Ordinary
Shares in the capital of Axis-Shield plc, representing 9.04% of the Company's
issued share capital. After the disposal, Fidelity Investments' shareholding is
reduced to 4,051,917 Ordinary Shares, representing 8.35% of the Company's issued
share capital.

This announcement requires to be made on the London Stock Exchange and is
repeated in Norway for Oslo Stock Exchange purposes in accordance with the
"equivalent information" rule (Rule DR 2.4 of the UK Listing Authority Rules).



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

END

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