10th University Partnership

IP Group PLC
12 October 2006



For immediate release                                           12 October 2006


                                  IP Group plc

                         ('IP Group' or the 'Company')

        IP GROUP SIGNS TENTH PARTNERSHIP WITH THE UNIVERSITY OF GLASGOW


IP Group plc (LSE: IPO), the intellectual property commercialisation company, is
delighted to announce that it has entered into its tenth long-term partnership
with the University of Glasgow ('Glasgow').

Glasgow is one of the UK's oldest universities and has one of the largest
research bases. New research grants and contracts exceeded £100 million in 2005/
6 and Glasgow has over 3,400 researchers across nine faculties.

The most recent independent survey of research quality, the Research Assessment
Exercise of 2001, reported that 96% of the University's research staff were
working in subject areas producing research of international quality.
Twenty-three subject areas received the highest research quality rating of '5'
while a further 20 subject areas received the research quality rating of '4'.
Glasgow also has one of Europe's largest grouping of life scientists working in
the Institute of Biomedical & Life Sciences and has one of the largest medical
schools in Europe.

Under the terms of the partnership announced today, IP Group has agreed to work
with Glasgow to identify and facilitate the formation of spin-out companies and
to make available an initial fund of up to £5 million in such companies in
return for equity stakes in them. In addition, IP Group will receive 12% of the
equity in spin-out companies from Glasgow at the time that the company is
established prior to investment. The partnership has a term of 25 years.

Alan Aubrey, Chief Executive of IP Group, said: 'Today's partnership agreement
with Glasgow is particularly significant for IP Group as the university is our
first partner in Scotland and brings our total number of partners in the UK to
ten. It is also the fourth new partnership agreement that IP Group has signed
this year, following similar collaborations with Queen Mary, University of
London, the University of Surrey and the University of Bath together with the
extension of our partnership with the University of York to cover the entire
university. In entering into this partnership with Glasgow, IP Group has reached
a further major milestone in its development. Glasgow has an excellent
reputation with a number of exciting commercialisation opportunities and we are
very much looking forward to working with the team there and to completing our
first investment in the near future.'

Steve Beaumont, Vice Principal (Research and Enterprise) at Glasgow University,
said: 'We are delighted to have signed this agreement with IP Group which will
greatly benefit the University. This long-term partnership will make the process
for spinning-out companies quicker, simpler and better funded than we would have
been able to deliver alone. The advantages of the partnership mean we will have
fast access to seed funds, rapid commercial evaluation and decision-making on
spin-out opportunities, increased post-incorporation support and access to IP
Group's network of follow-on investors. Glasgow has one of the largest research
bases in the UK and this deal with enable the university to maximise the
commercialisation of its research and alternative routes to market. I believe it
will also provide better outcomes for the academic staff involved with the
formation of spin-outs.'


For further information, please contact:

IP Group plc                                           020 7489 5200
Alan Aubrey, Chief Executive Officer                
Liz Vaughan-Adams (communications)               020 7489 5206/07979853802

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

University of Glasgow
Professor Steven Beaumont, Vice Principal, Research and Enterprise
0141 330 2112

Martin Shannon, Media Relations Officer
0141 330 8593



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.

The group has formed long-term partnerships with nine 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 and the University
of Bath.

As at 30 June 2006, 44 spin-out companies had been created among the group's
university partners. Of those, eight have listed on the AiM market of the London
Stock Exchange and there have been two trade sales.


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

About the University of Glasgow

Founded in 1451, the University of Glasgow is one of the UK's leading
universities with an international reputation for its research and teaching and
an important role in the cultural and commercial life of the country.

With almost 16,000 undergraduate and 4,000 postgraduate students, it is one of
the country's largest universities. Employing 5,700 staff, it is a major
employer in the city and, with an annual turnover of £285M, it makes a
substantial contribution to the local economy. The University's world-class
research base includes pioneering work in the fields of medicine, engineering,
ethics, physics, and astronomy. The University is also leading the way in
ultramodern disciplines like bioelectronics, cell signalling, nanotechnology,
and optoelectronics.

For more information, please visit our website at www.glasgow.ac.uk

ENDS




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