Holding(s) in Company

RNS Number:2809H
Innovation Group PLC
10 February 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

      INNOVATION GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

      HERALD INVESTMENT TRUST PLC

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

       SEE 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

       BNY (OCS)NOMINEES LIMITED

5)   Number of shares/amount of stock acquired.

       1,780,00

6)   ( 0.9%) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

      ORDINARY

10)  Date of transaction

      5 FEBRUARY 2003

11)  Date company informed

      7 FEBRUARY 2003

12)  Total holding following this notification

      6,070,000
               
13)  Total percentage holding of issued class following this notification

      3.06%

14)  Any additional information



15)  Name of contact and telephone number for queries

     LAURENCE MOORSE 01489 898 300

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification 10 FEBRUARY 2003





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