MRX Metalrax Group

RNS Number:5568R
Metalrax Group PLC
03 April 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:

    Arlington Capital Investors Limited


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

    European Renaissance Fund Limited


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

    1 April 2008


6.  Date on which issuer notified:

    2 April 2008


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

    Above 8%


8.  Notified details:

A:  Voting rights attached to shares

Class/type of shares if possible     Situation previous to the
using the ISIN CODE                  triggering transaction
                                     Number of     Number of Voting
                                     Shares        Rights

Ordinary Shares                      8,405,300     8,405,300

GB0005838247

Resulting situation after the triggering transaction

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

Ordinary Shares      9,734,151       9,734,151  Nil        8.12      Nil

GB0005838247


B:  Financial Instruments

Resulting situation after the triggering transaction

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

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

Total (A+B)

Number of Voting           % of Voting
Rights                     Rights

9,734,151                  8.12%



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

    European Renaissance Fund Limited is managed by Arlington Capital Investors
    Limited as investment manager


Proxy Voting:


10. Name of the proxy holder:

    Arlington Capital Investors Limited


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

    9,734,151


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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