AVD Avid Holdings

    Avid Holdings plc ("Avid" or the "Company")                  

                             Holding(s) in Company                             

In accordance with Disclosure and Transparency Rule 5 of the Transparency
Directive, on 22 May 2007 the Company received notification that Addworth plc
sold in aggregate 15,000,000 Avid ordinary shares and as a result no longer
holds a notifiable interest in the ordinary shares of the Company.

The issued share capital of the Company is 375,666,665 ordinary shares of 0.5p
each.

For further information:

Avid Holdings Plc

Jonathan Bobbet, Director

Tel: 01622 872022

City Financial Associates Limited

Ross Andrews, Nominated Adviser

Tel: 020 7090 7800



END

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