TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Alexon Group PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

No

An event changing the breakdown of voting rights

No

Other (please specify):______________

No

3. Full name of person(s) subject to notification obligation:

Bandera Partners LLC

4. Full name of shareholder(s) (if different from 3):

Bandera Master Fund L.P.

5. Date of transaction (and date on which the threshold is crossed or reached if different):

16 October 2009

6. Date on which issuer notified:

19 October 2009

7. Threshold(s) that is/are crossed or reached:

12%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary Shares

GB00B28Y7M80

5,186,278

5,186,278

5,786,278

5,786,278

0

12.71%

0

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

5,786,278

  12.71%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Bandera Partners LLC is the investment manager of Bandera Master Fund L.P. and controls the voting rights by Bandera Master Fund L.P. 

Proxy Voting:

10. Name of proxy holder:

n/a

11. Number of voting rights proxy holder will cease to hold:

n/a

12. Date on which proxy holder will cease to hold voting rights:

n/a

13. Additional information:

14 Contact name:

Jeff Gramm

15. Contact telephone name:

+1 212 232 4582