Ip Group Regulatory News (IPO)

IP Group plc - Appointment of Jonathan Brooks as NED; retirement of NED Roger Brooke

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), the developer of intellectual property based businesses, is pleased to announce the appointment of Jonathan Brooks, the former Chief Financial Officer of ARM Holdings plc, to the Board as Non-executive Director and as Chairman of the Group's audit committee with immediate effect.

In addition, Roger Brooke, who has been a director of IP Group for nearly ten years, is retiring from his position of Non-executive Director. Mr Brooke became a director of IP Group in December 2001.

Alan Aubrey, Chief Executive of IP Group, said: "I would like to extend the Board's thanks to Roger Brooke for his wise counsel and immense contribution to the Group over the years and to wish him well in his retirement.

I am delighted to welcome Jonathan to the Board who brings extensive commercial, financial, investor relations and plc experience which will be invaluable to the Group as it moves to the next stage of its development."

Jonathan Brooks said: "I am very excited to be joining the Board of IP Group at this key stage in its evolution. There is no doubt that innovation is of vital importance to the UK economy and I strongly believe that IP Group will continue to play an increasingly important role in identifying and commercialising the UK's leading innovations. I look forward to playing a part in this important role and creating long-term value for IP Group's shareholders."

Mr Brooks (55) was the Chief Financial Officer of ARM Holdings plc ("ARM") from 1995 until 2002 where he was responsible for finance, investor relations, legal and IT, and where he managed the dual-listed IPO process of ARM on the London Stock Exchange and Nasdaq in 1998.

He is currently a non-executive director of two publicly quoted companies - Aveva Group Plc, a provider of engineering data and design IT systems, and Nasdaq-listed Xyratex Ltd, a provider of data storage systems.

Within the last five years, Mr Brooks has been a director of the following publicly quoted companies:

Current

·; Aveva Group plc, appointed Non-executive Director in July 2007.

·; Xyratex Ltd, appointed Non-executive Director in May 2004.

Past

·; e2v technologies plc, Non-executive Director from 2004 until 2011.

·; Glotel plc, Finance Director from 2005 until 2007.

IP Group confirms that there is no additional information which is required to be disclosed under Rule 9.6.13 of the Listing Rules of the UK Listing Authority.

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Notes for editors

About IP Group

IP Group is a leading UK intellectual property ("IP") commercialisation company, developing technology innovations primarily from its research intensive partner universities. The Group offers more than traditional venture capital, providing its companies with access to business building expertise, networks, recruitment and business support.

The Company's portfolio comprises holdings in over 60 companies including Oxford Nanopore Technologies, the DNA sequencing development company, Revolymer, best known for its removable chewing gum and Xeros, which has received many accolades for its revolutionary clothes washing techniques with a much reduced requirement for water.

The portfolio includes early stage to mature businesses and has exposure to five main sectors - Energy & Renewables, Medical Equipment & Supplies, Pharma & Biotech, IT & Communications and Chemicals & Materials. To date, thirteen of the portfolio companies IP Group has backed have listed on the AIM market of the London Stock Exchange and one on PLUS Markets.

Founded in 2001, IP Group listed on AIM in October 2003 and moved to the Official List in June 2006. The Group now has long-term partnerships with twelve core universities including those under its commercialisation agreement with Fusion IP plc.

For more information, please visit our website at www.ipgroupplc.com.

ENDS