MRX Metalrax Group

RNS Number:1222N
Metalrax Group PLC
01 February 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:

    Gartmore Investment Limited


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

    Gartmore Fund Managers Limited
    Gartmore Investment Limited


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

    28 January 2008


6.  Date on which issuer notified:

    29 January 2008


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

    Above 5%


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

                                          Number of       Number of Voting
                                          Shares          Rights
Ordinary Shares                           Below 5%        Below 5%
GB0005838247



Resulting situation after the triggering transaction

Class/type of shares if         Number of    Number of Voting    % of Voting
possible using the ISIN CODE    Shares       Rights              Rights

                                             Direct Indirect     Direct Indirect

Ordinary Shares                 6,879,282    Nil    6,879,282    Nil    5.74%
GB0005838247


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/ Date  exercised/ converted.               Rights

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


Total (A+B)

Number of Voting Rights               % of Voting Rights

6,879,282                             5.74%


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:
 
    N/A


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, Metalrax Group PLC


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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