Holding(s) in Company

IP Group PLC
14 November 2006


                                  IP GROUP PLC

                                ('the Company')


       Disclosure of Material Interest in Shares - Companies Act 1985, 
                                 Section 198 - 202


The Company received the following notification from Morgan Stanley Securities
Limited ('MSSL') part of the Morgan Stanley group of companies on 14 November
2006:


As at 10 November 2006 MSSL and the group companies, which are direct or
indirect holding companies of MSSL, no longer had an interest in the Company's
ordinary shares of 2p each.


Contact:
Alan Aubrey
020 7489 5210


14 November 2006



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