VEG Vega Grp.

RNS Number:3087H
Vega Group PLC
08 November 2007



VEGA Group PLC

8 November 2007



TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1.  Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

VEGA Group PLC

2. Reason for the notification (please state YES/NO):


An acquisition or disposal of voting rights:                                (NO)

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):                                                    (YES)

Transferred to External Fund Manager


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


BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. 


See Section 9 for further information.



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

N/A



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

01 November 2007


6.  Date on which issuer notified:

07 November 2007


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

6%


8.  Notified details:

A.  Voting Rights attached to shares

Class/type of shares                          Situation previous to the
Triggering transaction (vi)
if possible using the ISIN CODE

                        Number of Shares      Number of Voting Rights (viii)
  
0929150                 2,580,602             2,580,602
GB0009291500
Ord
GBPO.05p


Resulting situation after the triggering transaction (vii)

Class/type of shares
if possible using the ISIN CODE    Number          Number of                       % of
                                   of shares       voting rights ix                voting rights 

                                   Direct          Direct ( x)    Indirect (xi)    Direct     Indirect

                                   1,409,684       1,409,684      0                6.869%     0.0%



B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of financial        Expiration date       Exercise/Conversion      Number of voting        % of voting rights
Instrument                (xiii)               Period/Date (xiv)        rights that may be
                                                                        acquired if the
                                                                        instrument is
                                                                        exercised/converted





Total (A+B)

Number of voting rights              % of voting rights

1,409,684                                 6.869%


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

BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund
Trustees

Limited, which is the parent undertaking of Hermes Pensions Management Limited.
Hermes
Pensions Management Limited is the parent undertaking of



1. Hermes Investment Management Limited (voting rights held in this issuer: 6.869%)

Please see Section 13 for further information.



Proxy Voting:


10.   Name of the proxy holder:

See Comment in Section 13.


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

See Comment in Section 13.


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


See Comment in Section 13.


13.   Additional information:

Hermes Investment Management Limited hold the voting rights under a standing
proxy contained in investment management agreements with various underlying
clients, which includes all the shares owned directly by BT Pension Scheme.



All voting rights held on behalf of the above entities are aggregated for the
purposes of DTR 5.2.1(a) and

disclosed pursuant to DTR 5.1.5.


This disclosure is made by BT Pension Scheme Trustees Limited, which is the
ultimate parent undertaking for the purposes of DTR 5.2.1(e).



14.     Contact name:

Kenneth Blyth


15.     Contact telephone number:

01707 362650




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

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