RNS Number:5218T
Innovation Group PLC
19 December 2003


                    The Innovation Group plc ("the Company")

                   Notification of Major Interests in Shares

The Company was notified today that GAM London Limited had the following
interests in shares, as at close of business on the 18 December 2003:

Holding      Owned By                             Advised By     Percentage (%)

13,294,000   GAM International Growth Fund        GAM London Ltd           3.162
 9,272,000   GAM UK Diversified Fund              GAM London Ltd           2.205
 1,295,009   GAM Exempt Trust - UK                GAM London Ltd           0.308
             Opportunities                        
 8,598,300   St. James's Place Recovery Unit      GAM London Ltd           2.045
             Trust                                

32,459,309                                                                 7.719


19 December 2003



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