Holding(s) in Company

RNS Number:9148L
Innovation Group PLC
4 June 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE 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.



6)   ( N/A %) of issued Class


7)   Number of shares/amount of stock disposed

     2,000,000


8)   (0.48%) of issued Class


9)   Class of security

     ORDINARY


10)  Date of transaction

     30 MAY 2003


11)  Date company informed

     3 JUNE 2003


12)  Total holding following this notification

     11,007,862

               
13)  Total percentage holding of issued class following this notification

     2.66%


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 4 JUNE 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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