Holding(s) in Company

RNS Number:5034S
ICE SAS
26 November 2003

           ICE SAS shareholding in the Innovation Group plc

This notification relates to the issued ordinary shares (the "shares") of 2p
each in the capital of the Innovation Group plc or (the "Company") and is given
in fulfillment of the obligations imposed by Sections 198 to 202 of and
otherwise by Part IV of the Companies Act 1985 (the "Act").

1. ICE SAS ("ICE") and Cantor Fitzgerald Europe of One American Square London
   EC3N 2LS are each a party to an agreement (the "Agreement") to which section
   204 or section 208 of the Act applies.

2. ICE increased its holding in the Company by 8,000,000 shares or 1.90% on
   Tuesday 25th of November 2003.

3. ICE as a party to the Agreement is now interested for the purpose of sections
   198 to 202 of the Act and/or by virtue of Sections 204 and 205 or 208 of the 
   Act in 26,000,000 shares or 6.18% holding in the Company.

4. The registered holder of these shares is Cantor Fitzgerald Europe.

5. ICE is a company registered in France (registration number B 444 486 666) at
   54-56 Avenue Hoche, Paris 75008.



For further information:

Robert J.H. Bonnier     [phone]



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