IP Group plc – Tracsis first day dealings on AIM after successful placing and admission

27 Nov 2007

IP Group plc (LSE: IPO) ("IP Group"), the intellectual property commercialisation company, is pleased to note that today is the first day of trading on AIM of Ordinary Shares ("Ordinary Shares") in Tracsis plc ("Tracsis" or "the Company").

Tracsis (AIM: TRCS), a spin-out company from the University of Leeds, provides resource optimisation software to major transport companies in the passenger rail and bus industries. The Company has raised £2.0 million, before expenses, by way of a placing with investors at a placing price of 40p per Ordinary Share (the "Placing Price"), valuing the Company at £7.0 million on admission to AIM.

Following the placing, IP Group is the registered owner of 3,655,550 Ordinary Shares in Tracsis (worth £1.5 million at the Placing Price), representing 20% of Tracsis' enlarged issued share capital.

Tracsis is the eleventh of IP Group's portfolio companies to have floated on either AIM or PLUS Markets and is the third IP Group portfolio company to have achieved a flotation this year. Green Chemicals plc floated on PLUS Markets in January while Modern Water Plc floated on AIM in June.

For further information, please contact:

IP Group plc                                     0845 074 2929
Alan Aubrey, Chief Executive Officer
Liz Vaughan-Adams (Communications)               020 7444 0062/07979853802

Tim Anderson, Mary-Jane Johnson, Mark Court      020 7466 5000

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, nine 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.