Holding(s) in Company

IP2IPO Group PLC
25 May 2004


SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

IP2IPO Group plc

2. Name of shareholder having a major interest

Commerzbank AG

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

as in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

as in 2 above

5. Number of shares / amount of stock acquired

3,433,333 ordinary shares

6. Percentage of issued class

8.45%

7. Number of shares / amount of stock disposed

-

8. Percentage of issued class

-

9. Class of security

Ordinary shares of 10p each

10. Date of transaction

18 May 2004

11. Date company informed

24 March 2004

12. Total holding following this notification

3,433,333

13. Total percentage holding of issued class following this notification

8.45%

14. Any additional information

-

15. Name of contact and telephone number for queries

John Davies 07714 339901

16. Name and signature of authorised company official responsible for making
this notification

John Davies

Date of notification

25 May 2004

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