AXN Alexon Grp.

RNS Number:8541H
Alexon Group PLC
27 January 2005


For Immediate Release                                            27 January 2005


                              Alexon Group plc

            Re: Allders Department Stores Limited in Administration


This statement is being made in response to yesterday's announcement that
Allders Department Stores Limited has been placed into administration.

Alexon Group currently trades from 118 concessions within the Allders Group,
across all four clothing and footwear divisions.   As at today's date, the
balance due to Alexon Group from Allders, in respect of concession takings net
of commission and VAT is approximately #1.5m.

Whilst the full consequences of the Allders adminstration on the Alexon Group
are not yet clear, a further update will be given at the time of the
announcement of the preliminary results for the year ending 29th January 2005,
on Monday 4th April.


Alexon Group Plc                                                 01582 723131
John Osborn, Chief Executive
Robin Piggott, Finance Director


Buchanan Communications                                          020 7466 5000
Richard Darby
Nicola Cronk


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