Holding(s) in Company

RNS Number:0754R
Vectrix Corporation
28 March 2008

Date: 28 March 2008
On behalf of: Vectrix Corporation ("Vectrix" or "the Company")
For immediate release


Vectrix Corporation
Holding in Company

Vectrix Corporation (AIM: VRX), the high performance zero emission scooter
company, received notification on 27 March 2008 from Gryphon Fund Management
Limited that on 19 March 2008, they acquired a further interest that resulted in
a total holding of 15,270,500 ordinary shares of 10 US cents each in the
Company, representing 5.886% of the Company's current issued share capital.

-ends-


Enquiries to:

VECTRIX Corporation                         www.vectrix.com
Chris Moe, Chief Financial Officer         (401) 848-9993

Redleaf Communications
Emma Kane / Paul Dulieu                     +44 (0)20 7822 0200

HSBC
Nick Donald / Nic Hellyer                   +44 (0)20 7991 8888


Notes to Editors

* Vectrix listed on AIM in May 2007 and is the developer of the world's first
  high performance, zero emission, electric maxi scooter which is at least 10
  times more powerful than existing electric power two wheel vehicles.

* Vectrix Corporation is dedicated to developing and commercializing zero
  emission vehicle platform technologies focused on two-wheel applications.
  Longer term, Vectrix plans to develop environmentally sensitive technologies
  for other segments within the transportation industry.

* Vectrix is headquartered in Middletown, Rhode Island, USA, has a modern
  production facility in Wroclaw, Poland and a test facility in New Bedford,
  Massachusetts.

* Vectrix was awarded the 2006 Frost & Sullivan Award for Technology Innovation
  and Leadership in Alternative Vehicle Technologies.

* Transportation is the largest single source of air pollution in the world. A
  typical motor scooter produces significantly more carbon monoxide and
  hydrocarbon emissions than a large diesel truck, and far more than a modern
  low emission automobile. The Vectrix scooter utilizes innovative zero-emission
  technology, offering customers a clean, affordable, and much needed
  alternative.

* In 2006, the scooter market* in countries targeted by Vectrix was worth USD3.1
  billion. Within the powered two-wheel vehicle market (PTW), the trend in
  Europe is towards scooters, with the Maxi Scooter segment being the fastest
  growing segment over the last six years. (Source: LEK Report "Power Two
  Wheeler Market Overview," March 2007.)



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