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Lipoxen PLC (XEN)

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Friday 24 March, 2006

Lipoxen PLC

Holding in Company

Lipoxen PLC
24 March 2006

                          Lipoxen PLC (the 'Company')

                               Holding in Company

The Company has been informed that Serum Institute of India Limited ('Serum'), a
leading vaccines manufacturer, has made the following purchases of ordinary
shares in the company:

20 March 2006 - 2,945,000 ordinary shares at 26 pence
21 March 2006 - 930,000 ordinary shares at 29 pence
22 March 2006 - 175,000 ordinary shares at 29 pence

As a result of the above transactions, as of 22 March 2006, Serum is interested
in 4,050,000 ordinary shares, which represents approximately 4.16% of the issued
share capital of the Company.

24 March 2006







                      This information is provided by RNS
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