First Day of Dealings on AIM

IP2IPO Group PLC
15 October 2003

For Immediate Release:                                           15 October 2003


                               IP2IPO Group plc

       First Day of Dealings on the Alternative Investment Market ('AIM')


IP2IPO Group plc ('IP2IPO' or the 'Group', AIM: IPO), the intellectual property
(IP) business, is pleased to announce its flotation on the Alternative
Investment Market of the London Stock Exchange ('AIM') today.


• The Group's business is to create value for its shareholders
  through the commercialisation of UK university IP.  IP2IPO has long-term
  Partnerships, lasting 15-25 years, with the University of Oxford (chemistry
  department), the University of Southampton, King's College London and the
  University of York (Centre for Novel Agricultural Products ('CNAP')).

• IP2IPO's main revenue stream will be from equity in spin-out companies 
  and/or income derived from the licensing of IP.

• £30 million (after expenses) was raised for IP2IPO via a Placing
  at the Placing price of 275p  per Ordinary Share (the 'Placing Price') 
  by KBC Peel Hunt Ltd.
  
• On Admission, the market capitalisation at the Placing Price will be 
  £111.76 million.

• The Evolution Group plc reduced its holding to 40.6 per cent. of IP2IPO's 
  enlarged issued share capital.

• IP2IPO has a strong management team led by David Norwood, Chief Executive.

• KBC Peel Hunt is the nominated advisor and broker.

David Norwood, Chief Executive of IP2IPO, commented:

'I am delighted at the response to the IP2IPO flotation.  We are confident that
we have both the university relationships and the cash to support our 25 year
time horizon to enable us to deliver value to shareholders.  The executive team
of IP2IPO are well aware that the hard work starts now.'

PLACING STATISTICS

Placing Price                                                                                       275 pence
Number of Ordinary Shares placed on behalf of the Group                                            11,450,000
Number of Ordinary Shares placed on behalf of certain selling shareholders                          5,760,000
Market capitalisation at the Placing Price on Admission                                       £111.76 million
Number of Ordinary Shares in issue on Admission                                                    40,638,910
Percentage of enlarged issued share capital subject to the Placing                                     42.35%
Gross proceeds of the Placing available to the Company                                         £31.49 million
Net proceeds of the Placing available to the Company                                           £30.00 million


                                             ENDS



For further information contact:

David Norwood, Chief Executive Officer                Tel: [phone]
IP2IPO Group plc

Simon Hayes, Megan MacIntyre                          Tel: [phone]
KBC Peel Hunt Ltd

Tim Anderson, Mark Court, Mary-Jane Johnson           Tel: [phone]
Buchanan Communications



                      This information is provided by RNS
            The company news service from the London Stock Exchange