AVD Avid Holdings

    AVID HOLDINGS PLC("AVID" OR THE "COMPANY")                   

                              HOLDING IN COMPANY                               

Pursuant to the Financial Services Authority's Disclosure and Transparency
Rules, the Company received notification on 10 October 2007 from the trustees
of Mrs M Grove A & M Trust that, following the sale of 6,000,000 Avid shares
they have no longer had a notifiable interest in the Company.

The issued share capital of the Company is 375,666,665 ordinary shares of 0.5
pence per share.

Contact:-

Avid                               Tel: 01622 872022                         
                                                                             
Jonathan Neal, Director                                                      
                                                                             
City Financial Associates          Tel: 020 7492 4777                        
Limited                                                                      
                                                                             
Ross Andrews, Nominated Adviser                                              



END

Avid (LSE:AVD)
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Avid (LSE:AVD)
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