Result of Placing amendment

IP Group PLC
12 May 2006




                                                            12 May 2006

IP GROUP PLC
('IP Group' or 'the Company')


This announcement replaces the announcement released on the RNS system on the
RNS number: 8632C today 12 May 2006 at 7.59. The Placing Price is 147p not
1.47p. The full announcement text appears below.


IP Group, formerly IP2IPO, is pleased to announce the completion of the Placing
by Lehman Brothers International (Europe) and KBC Peel Hunt Ltd announced
yesterday. 11,452,650 new ordinary shares of 2 pence each (the 'Placing Shares')
were placed with institutional investors for cash at 147p per Placing Share (the
Placing) raising approximately £16.8 million before expenses for the Company.


The proceeds of the Placing will be used primarily to finance the entry into
further long-term partnerships with leading research universities with which the
Company is already in discussions.


The Placing Shares are being placed conditional on admission to trading on the
AIM Market of London Stock Exchange plc ('Admission'). Application has been made
for Admission of the Placing Shares and it is expected that Admission will
become effective and dealings in the Placing Shares will commence on 17 May
2006. The Placing Shares to be allotted will be credited as fully paid and will
rank pari passu in all respects with the Company's existing ordinary shares of
2p each, including the right to receive all dividends and distributions
declared, made or paid on or after the date of their allotment.

For more information please contact:

IP Group
Alan Aubrey, Chief Executive Officer                        020 7489 5200

Buchanan Communications
Tim Anderson, Mark Court                                    020 7466 5000

Lehman Brothers International (Europe)
Stephen Pull, Mark Hutt                                     020 7102 1000

KBC Peel Hunt Ltd
Megan MacIntyre                                             020 7418 8900




                      This information is provided by RNS
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