RNS Number:2339M
Metalrax Group PLC
21 January 2008


TR-1: NOTIFICATION OF MAJOR INTERESTS 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 state Yes/No):

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: No

An event changing the breakdown of voting rights: No

Other (please specify): No

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

Lowland Investment Company Plc

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

See section 9

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

16 January 2008

6. Date on which issuer notified:

17 January 2008

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

3%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                             transaction
Ordinary Shares                           Number of       Number of voting
                                          shares          Rights

GB0005838247                              3,413,887              3,413,887

Resulting situation after the triggering transaction

Class/type of shares if   Number of   Number of voting       % of voting
possible using the ISIN   shares      rights                 rights
CODE
Ordinary Shares           Direct      Direct      Indirect   Direct   Indirect

GB0005838247           3,788,679   3,788,679             -     3.16%         -

B: Financial Instruments
Resulting situation after the triggering transaction

Type of      Expiration Exercise/     Number of voting rights that may   % of
financial    Date       Conversion    be acquired if the instrument is   voting
instrument              Period/       exercised/ converted.              rights
                        Date

N/A          N/A        N/A           N/A                                N/A

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

              3,788,679                                   3.16%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable

N/A

Proxy Voting:

10. Name of the proxy holder:

Not disclosed

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

N/A

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

N/A

13. Additional information:

N/A

14. Contact name:

Darren Farrimond, Company Secretary

15. Contact telephone number:

0121 433 3444



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

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