VEG Vega Grp.

RNS Number:2494J
Vega Group PLC
05 December 2007


VEGA Group PLC
5 December 2007


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:

VEGA 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.):

     UK Registered Owner
     BNY GIL CLT A/C NOMS LTD A/C GMT

     Beneficial Owner
     GARTMORE FLEDGLING TRUST  PLC


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


30 November 2007


6.  Date on which issuer notified:

     5 December 2007


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

     Below 5%


8.  Notified details:

A.  Voting Rights attached to shares

Class/type of shares if possible using the ISIN CODE

GB0009291500


Situation prior to the triggering transaction

Number of Shares                               Number of Voting Rights

1,340,855                                           1,340,855


Resulting situation after the triggering transaction

Number  of shares        Number of voting rights          % of voting rights
                         Direct         Indirect          Direct        Indirect

700,000                                 700,000                           3.411%



B: Financial Instruments


Resulting situation after the triggering transaction

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

Total (A+B)

Number of voting rights                        % of voting rights

700,000                                             3.411%



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



Proxy Voting:



10.   Name of the proxy holder:



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



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



13.   Additional information:



       All shares held indirectly.



       All figures are based on the Company's issued share capital of 20,523,745
as provided by Exshare.



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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