Holding(s) in Company

IP2IPO Group PLC
22 March 2005


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

IP2IPO Limited

2. Name of shareholder having a major interest

Merrill Lynch & Co. Inc.

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

On behalf of certain discretionary management clients who are invested in an
unauthorised unit trust of which Merrill Lynch are the investment manager.

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

Nutraco Nominees Limited (Designated & Underdesignated)              4,289,151
Merrill Lynch Pension Nominees Limited A/C NONCERT                     732,808
Royal Bank of Scotland as Trustees of Merrill Lynch UK Dynamic
Fund                                                                 1,944,234


5. Number of shares / amount of stock acquired

Nutraco Nominees Limited (Designated & Underdesignated)              1,236,330
Merrill Lynch Pension Nominees Limited A/C NONCERT                     227,378
Royal Bank of Scotland as Trustees of Merrill Lynch UK Dynamic Fund    490,423


6. Percentage of issued class

Nutraco Nominees Limited (Designated & Underdesignated)                   2.86%
Merrill Lynch Pension Nominees Limited A/C NONCERT                        0.53%
Royal Bank of Scotland as Trustees of Merrill Lynch UK Dynamic Fund       1.14%


7. Number of shares / amount of stock disposed

N/A

8. Percentage of issued class

N/A

9. Class of security

10p Ordinary Shares

10. Date of transaction

Not notified

11. Date company informed

22 March 2005

12. Total holding following this notification

6,966,193

13. Total percentage holding of issued class following this notification

16.14%

14. Any additional information

-

15. Name of contact and telephone number for queries

John Davies
Finance Director
0207 067 1664

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

John Davies

Date of notification

22 March 2005

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