Planned Move to Official List

IP Group PLC
09 May 2006


For immediate release                                                9 May 2006


                                  IP Group plc
                         ('IP Group' or the 'Company')

                  Proposed move to the Official List from AIM

                                      And

                Notice of Extraordinary General Meeting ('EGM')

IP Group plc, (AIM: IPO), the intellectual property company, announces today
that its Board intends to apply for admission of the Company's ordinary shares
of 2p each ('Ordinary Shares') to the Official List of the UK Listing Authority
('Official List') and to be traded on London Stock Exchange plc's ('London Stock
Exchange') market for listed securities ('Admission') and to apply to London
Stock Exchange for the cancellation of trading of its Ordinary Shares on the AIM
market of London Stock Exchange ('AIM').

Admission is conditional on approval by the UK Listing Authority and London
Stock Exchange respectively and approval is expected before the end of June 2006
with Admission expected soon after. Further details of the expected admission
date will be announced in due course.

The Board believes that joining the Official List will benefit IP Group in a
number of ways, including both providing the Company with the ability to attract
a wider range of shareholders and raising IP Group's profile domestically and
internationally.

IP Group has appointed KBC Peel Hunt Ltd as its sponsor for the Admission and
joint broker along with Lehman Brothers International (Europe).

A notice convening an EGM of holders of Ordinary Shares has today been sent to
Shareholders for the purpose of:

 1. authorising the Directors of the Company (the 'Directors') to apply for the
    cancellation of trading on AIM; and

 2. empowering the Directors to allot Ordinary Shares upon the exercise of
    options granted by the Company up to an aggregate nominal amount of
    £130,957.30.

The EGM is to be held at 11 a.m. on 1 June 2006 at Warwick Court, 5 Paternoster
Square, London EC4M 7BP.

For further information about IP Group plc please contact:

IP Group plc                                                    020 7489 5200
Alan Aubrey, Chief Executive Officer
Magnus Goodlad, Executive Director

KBC Peel Hunt Ltd                                               020 7418 8900
Megan Macintyre

Buchanan Communications                                         020 7466 5000
Mark Court, Tim Anderson, Mary-Jane Johnson




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