ASD Axis-Shield

RNS Number:9315Z
Axis-Shield PLC
16 March 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 878,200 ordinary shares since last disclosure on 27 February 2006.

Before the relevant disposal, Fidelity Investments held 2,871,975 Ordinary
Shares in the capital of Axis-Shield plc, representing 5.92% of the Company's
issued share capital. After the disposal, Fidelity Investments' shareholding is
reduced to 1,993,775 Ordinary Shares, representing 4.11% 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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