GAI Galileo Inn.

RNS Number:1916F
Galileo Innovation PLC
16 December 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company


Galileo Innovation Plc

2)   Name of shareholder having a major interest


Gartmore Investment Limited

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


Beneficial owner: PanEuroLife UK Secure Growth

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

Dexia Luxembourg

5)   Number of shares/amount of stock acquired

-

6)   Percentage of issued class

-

7)   Number of shares/amount of stock disposed

1,000,000

8)   Percentage of issued class

1.14%

9)   Class of security

Ordinary Shares

10)  Date of transaction

12 November 2002

11)  Date company informed


16 December 2002


12)  Total holding following this notification

2,800,000


13)  Total percentage holding of issued class following this notification

3.2%


14)  Any additional information


15)  Name of contact and telephone number for queries


Mark Warburton 01625 538 100

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

     Date of notification 16 December 2002






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

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