Recommended Cash Offer by Infosys for Axon

  25/08/08

On 25 August 2008, the boards of Axon and Infosys Technologies Limited ("Infosys") announced that agreement had been reached on the terms of a recommended cash offer to be made by Infosys for the entire issued and to be issued ordinary share capital of Axon (the "Offer").

The Offer, which is expected to be implemented by way of a scheme of arrangement, values Axon’s existing issued and to be issued (fully diluted) share capital at approximately £407 million (US$800 million) on a cum-dividend basis.

Rule 2.5 Announcement

• Recommended Acquisition of Axon Group plc by Infosys Technologies Limited

For further information please contact:

Steve Cardell / Iain McIntosh
Axon Group plc
01784 480 800

Chris Hamilton/Mike Davies
Bell Pottinger Corporate & Financial
020 7861 3232