Holding(s) in Company

RNS Number:8729H
Innovation Group PLC
24 February 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE INNOVATION GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     GLOBAL ASSET MANAGEMENT LIMITED

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.

      GAM UK DIVERSIFIED FUND 9,600,000
      GAM EXEMPT TRUST - UK OPPORTUNITIES 1,700,000

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) 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



11)  Date company informed

     21 FEBRUARY 2003

12)  Total holding following this notification

      11,300,000
               
13)  Total percentage holding of issued class following this notification

      5.69%

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 ...24 FEBRUARY 2003.....



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END

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