RNS Number:7058T
Innovation Group PLC
29 December 2003


                    The Innovation Group plc ("the Company")
                   Notification of Major Interests in Shares

The Company was notified today that GAM London Limited had the following
interests in shares, as at close of business on the 29 December 2003:

Holding         Owned By                           Advised By     Percentage (%)

12,835,000.00   GAM International Growth Fund      GAM London Ltd        3.052
 9,272,000.00   GAM UK Diversified Fund            GAM London Ltd        2.205
 1,219,009.00   GAM Exempt Trust - UK              
                Opportunities                      GAM London Ltd        0.290
 8,133,300.00   St. James's Place Recovery Unit    
                Trust                              GAM London Ltd        1.934              

31,459,309.00                                                            7.482


19 December 2003



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