RNS Number:9265M
Innovation Group PLC
30 June 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE INNOVATION GROUP PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     THE GLOBAL VALUE INVESTMENT PORTFOLIO MANAGEMENT PTE LTD


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     NOTIFICATION ON BEHALF OF DISCRETIONARY MANAGED ACCOUNT


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.




5)   Number of shares/amount of stock acquired.

     1,000,000


6)   (0.24%) of issued Class


7)   Number of shares/amount of stock disposed




8)   ( N/A %) of issued Class


9)   Class of security

     ORDINARY


10)  Date of transaction

     26 JUNE 2003


11)  Date company informed

     30 JUNE 2003


12)  Total holding following this notification

     17,230,000

               
13)  Total percentage holding of issued class following this notification

     4.16%


14)  Any additional information




15)  Name of contact and telephone number for queries

     LAURENCE MOORSE
     01489 898 300


16)  Name and signature of authorised company official responsible for 
     making this notification


     Date of Notification         30 JUNE 2003

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

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