Holding(s) in Company

IP Group PLC
23 July 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

IP Group Plc


2. Reason for the notification (please state Yes/No): ( )


An acquisition or disposal of voting rights: (YES)


An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )


An event changing the breakdown of voting rights: ( )


Other (please specify) :


3. Full name of person(s) subject to the notification obligation (iii):

BlueCrest Capital Management Limited

BlueCrest Capital Management L.P


4. Full name of shareholder(s) (if different from 3.) (iv):

MORSTAN Nominees
Lehman Brothers International Europe


5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):

18 July 2007


6. Date on which issuer notified:

19 July 2007


7. Threshold(s) that is/are crossed or reached:

Fall from 3.1% to 1.7%


8. Notified details:


A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                                       transaction (vi)
                                        Number of      Number of voting Rights
                                        shares         (viii)

Ordinary Shares
GB00B128J450                               7,833,675                 7,833,675





Resulting situation after the triggering transaction (vii)

Class/type of shares if         Number of   Number of voting     % of voting
possible using the ISIN CODE    shares      rights (ix)          rights

                                Direct      Direct  Indirect     Direct Indirect
                                            (x)     (xi)

                                4,333,675            4,333,675             1.7%


B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   Date       Conversion      be acquired if the instrument is  voting
instrument  (xiii)     Period/ Date    exercised/ converted.             rights
                       (xiv)



                             N/A


Total (A+B)
Number of voting rights                      % of voting rights

          4,333,675                                 1.7%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

BlueCrest Capital Management Limited indirectly controls the voting rights in

IP Group Plc as a result of being the general partner of BlueCrest Capital

Management LP which is the investment manager of a number of funds.


Proxy Voting:


10. Name of the proxy holder:

N/A


11. Number of voting rights proxy holder will cease to hold:

N/A


12. Date on which proxy holder will cease to hold voting rights:

N/A


13. Additional information:

N/A


14. Contact name:

Alan Aubrey


15. Contact telephone number:

0845 074 2929



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