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Axis-Shield PLC Long Term Incentive Plan

07/10/09

Axis-Shield PLC (“the Company”) announces that on 6 October 2009 it made a grant of performance and retention awards under its Long Term Incentive Plan ("LTIP") over a total of 455,500 ordinary shares of 35 pence each to a total of 90 employees.   This is the fourth grant of awards to be made under the LTIP following its approval at the Company's annual general meeting in May 2006.  See attached file for further information.

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