Board Changes

IP Group PLC 03 September 2007 FOR IMMEDIATE RELEASE 03 September 2007 IP GROUP APPOINTS NON-EXECUTIVE CHAIRMAN IP Group plc (LSE: IPO) ('IP Group' or 'the Company' or 'the Group'), the intellectual property commercialisation company, is delighted to announce that Dr Bruce Smith, who has been a Director of the Company for five years, has been appointed Non-Executive Chairman with immediate effect. Executive Chairman David Norwood will move to the position of Special Projects Director, also with immediate effect, and will remain an Executive Director of the Group. Mr Norwood, Special Projects Director, said: 'I am delighted to welcome Bruce to the role of Non-Executive Chairman - the position he held when IP2IPO Group plc floated on AIM nearly four years ago. The Company has seen tremendous growth since then and, following IP Group's move to the Official List from AIM last year and to reflect its maturing profile, we felt the time was now right to appoint an independent Non-Executive Chairman. I am delighted that Bruce has agreed to take on this position which will, in turn, enable me to focus solely on my role of Special Projects Director - a role that I have effectively carried out for some time.' Dr Smith, aged 67, is Chairman of the Rainbow Seed Fund and Chairman of the Council of Smith Institute for Industrial Mathematics and System Engineering. He was also the Chairman and majority shareholder of Smith System Engineering Limited until a management buyout in 1997. Before founding Smith System Engineering Limited, Dr Smith worked in design engineering for Decca Radar Limited after a period in the U.S. with Bellcomm Inc. in the U.S. space programme. He is a Fellow of the Royal Academy of Engineering, the Institution of Engineering and Technology and the Institute of Physics and a Domus Fellow of St Catherine's College, Oxford. Dr Smith became a Director of the Group in September 2002 and was appointed Non-Executive Chairman in September 2003, holding that role for a year during which time the Group floated on AIM. In August 2004, he was appointed a Non-Executive Director, stepping down from the role of Chairman for family reasons. Dr Smith said: 'I have been a Director of the Group for five years during which time the Group has increased the number of University partnerships from 2 to 10, carried out two acquisitions, created three subsidiary companies and matured considerably in its processes and systems. I am delighted to be taking on the role of Non-Executive Chairman at this exciting time and look forward to an open dialogue with our shareholders.' For further information, please contact: IP Group plc 020 7444 0050 Alan Aubrey, Chief Executive Officer Liz Vaughan-Adams (Communications) 020 7444 0062/07979853802 Buchanan Communications 020 7466 5000 Tim Anderson, Mary-Jane Johnson, Mark Court Notes for Editors About IP Group IP Group Plc is an intellectual property (IP) commercialisation company that specialises in commercialising university technology. Founded in 2001, IP Group listed on AIM in October 2003 and moved to the Official List in June 2006. It has made two acquisitions to date - Techtran, a company set up to commercialise university intellectual property under a long term contract with the University of Leeds, in 2005 and Top Technology Ventures, an investment adviser to early stage technology venture capital funds, in 2004. IP Group has formed long-term partnerships with ten universities - the University of Oxford, King's College London, CNAP/University of York, the University of Leeds, the University of Bristol, the University of Surrey, the University of Southampton, Queen Mary (University of London), the University of Bath and the University of Glasgow. As at 30 June 2007, 60 spin-out companies had been created among IP Group's university partners. Of those, eight have listed on the AIM market of the London Stock Exchange, one on PLUS Markets and there have been two trade sales. IP Group also has three 'Modern-themed' subsidiaries - Modern Biosciences, Modern Water and Modern Waste. Modern Water was the first of these subsidiaries to float on AIM in June 2007. For more information, please visit our website at www.ipgroupplc.com. ENDS This information is provided by RNS The company news service from the London Stock Exchange

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