AXN Alexon Grp.

TIDMAXN

RNS Number : 1709P

Alexon Group PLC

29 September 2011

Alexon Group plc

("Alexon", the "Company" or, together with its subsidiaries, the "Group")

Statement re: Suspension

On 19 September 2011 the Board of Alexon announced that, whilst the Group was exploring its options to put in place a more appropriate capital structure, the Group was currently operating with limited headroom against its existing facilities and accordingly that there was a clear requirement for additional funding in the short term as it enters the seasonal peak in working capital requirements.

Since that date, the Board of Alexon has continued to explore thoroughly all available options to address this requirement. However, the Board now believes that it is increasingly unlikely that a solution to the funding issues which the Group faces can be secured in the necessary timeframe. Accordingly, the Company has requested a suspension of the listing and trading of the Company's ordinary shares with immediate effect, pending clarification of the Company's financial position.

A further announcement will be made in due course.

Enquiries:

Brunswick Group LLP 020 7404 5959

Simon Sporborg/Zoe Bird

This information is provided by RNS

The company news service from the London Stock Exchange

END

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