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IP Group plc – Appointment of Francis Carpenter, former CEO of the European Investment Fund

18 Apr 2008

IP Group plc (LSE: IPO) ("IP Group" or the "Company" or "Group"), the UK's leading university intellectual property commercialisation company, announces that it has appointed Francis Carpenter to the Board as a Non-Executive Director with immediate effect.

Mr Carpenter, aged 65, was Chief Executive Officer of the European Investment Fund ("EIF"), holding that role for nearly six years until his retirement at the end of February 2008. The EIF is the European Union's specialised financial institution providing venture capital, especially high tech, and guarantees for the creation, growth and development of Small and Medium-sized Enterprises in the European Union and in Accession Countries.

Prior to this, Mr Carpenter was Secretary General of the European Investment Bank ("EIB"), for six years. Previously he was Director of Credit Risk Management at the EIB, having held the position of Director of Lending in the UK, Ireland, North Sea and Portugal. Mr Carpenter joined the EIB in 1975.

A graduate of Wadham College, Oxford, the Institut d'Etudes Politiques, Paris, and the New School for Social Sciences, New York, Mr Carpenter spent the first years of his career at Citibank, working in New York, Geneva and Paris in investment research and portfolio management.

Dr Bruce Smith, Chairman of IP Group, said: "I am delighted to welcome Francis to the Board at this exciting time in IP Group's development. His investment experience and knowledge of the European technology transfer and venture capital market will be invaluable to the Group."

The Company 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.

For further information, please contact:

IP Group
0845 0742929
Alan Aubrey, Chief Executive Officer
Liz Vaughan-Adams (Communications)
020 7444 0062/07979853802

Financial Dynamics
Ben Atwell, Rob Bailhache, John Dineen
020 7831 3113

Notes for Editors

About IP Group

IP Group 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.

The Company's portfolio is diverse with exposure to five main sectors - Energy & Renewables, Healthcare & Life Sciences: Non-therapeutics, Healthcare & Life Sciences: Therapeutics, IT & Communications and Chemicals & Materials. To date, ten portfolio companies 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 established 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.