MRX Metalrax Group

RNS Number:6068E
Metalrax Group PLC
27 September 2007

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1.  Identity of the issuer or the underlying issuer of existing shares to
    which voting rights are attached

    METALRAX GROUP PLC

2.  Reason for the notification (please tick the appropriate box or boxes)

    An acquisition or disposal of voting rights                       (yes)

    An acquisition or disposal of financial instruments which may     ( )
    result in the acquisition of shares already issued to which
    voting rights are attached

    An event changing the breakdown of voting rights                  ( )

    Other (specify):                                                  ( )

3.  Full name of person(s) subject to the notification obligation:

    Schroders plc

4.  Full name of shareholder(s) (if different from 3.)

5.  Date of the transaction (and date on which the threshold is crossed
    or reached if different):

    25/09/07

6.  Date on which issuer notified:

    26/09/07

7.  Threshold(s) that is/are crossed or reached:

    4%

8.  Notified details:

A. Voting rights attached to shares

Class/type of shares (if possible using the           Ordinary (GB0005838247)
ISIN code)

Situation previous to  Resulting situation after the triggering transaction
the triggering
transaction
Number of   Number of   Number of   Number of voting     % of voting rights
Shares      Voting      shares      rights
            Rights
                        Direct      Direct   Indirect    Direct   Indirect
8,619,197   8,619,197   n/a         n/a      5,625,956            4.69%


B. Financial Instruments

Resulting situation after the triggering transaction
Type of       Expiration   Exercise/          Number of voting  % of voting
financial     date         Conversion Period/ rights that may   rights
instrument                 Date               be acquired if
                                              the instrument is
                                              exercised/
                                              converted

Total (A+B)
Number of voting rights              % of voting rights

5,625,956                            4.69%

9.  Chain of controlled undertakings through which the voting rights and/
    or the financial instruments are effectively held, if applicable:
 
   Schroder Investment Management Limited           5,625,956 (4.69%)

Proxy Voting:

10.  Name of the proxy holder:

11.  Number of voting rights proxy
     holder will cease to hold:

12.  Date on which proxy holder
     will cease to hold voting
     rights:

13.  Additional information:       The shares referred to in section 9 are
                                   held in portfolios managed by those
                                   firms on a discretionary basis for
                                   clients under investment management
                                   agreements.

14:  Contact name:                 Andrea Rowe

15.  Contact telephone number:     020 7658 2521







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

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