RNS Number:4044D
Axis-Shield PLC
28 September 2004

                ANNOUNCEMENT TO THE LONDON STOCK EXCHANGE 
                               AND 
                       OSLO STOCK EXCHANGE

On the afternoon of 27 September 2004, it was intimated to Axis-Shield plc that
Svein Lien, Chief Executive of Axis-Shield plc purchased 14,000 Ordinary Shares
of Axis-Shield plc at a price of NOK 23.66 per share on 27 September 2004. This
increases his shareholding to 154,567 Ordinary Shares from 140,567 Ordinary
Shares.

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 9.9 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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