Investment In New Spin-Out

IP2IPO Group PLC 15 June 2005 For immediate release 15 June 2005 IP2IPO GROUP PLC ('IP2IPO' or 'the Company') Oxford RF Sensors receives funding from IP2IPO IP2IPO Group plc (AIM: IPO) ('IP2IPO') is pleased to announce that it has invested £470,000 in return for a 35.9% equity interest in Oxford RF Sensors Limited ('ORFS'), a spin-out company from the Physics Department at the University of Oxford. ORFS has developed novel, highly sensitive, non-contact sensors which can detect and measure a variety of materials including metals, plastics, gases and liquids. The sensors operate across a wide temperature and frequency range and are highly resilient to dirt, dust and oil contamination. The technology has already been delivered to an initial customer's specifications and incorporated into a product for monitoring turbochargers. ORFS's underlying science and patented intellectual property has been developed over many years by Dr John Gregg, a fellow of Magdalen College, Oxford. Dr Gregg researches the novel physical properties of nano-scale magnetic systems and is a world expert on spin electronics. The formation of ORFS was assisted by Isis Innovation, the technology transfer company of the University of Oxford, which has licensed key intellectual property to the company. Commenting on today's announcement, Dave Norwood, IP2IPO's Chief Executive, said: 'Oxford RF Sensors represents an incredibly exciting business opportunity. It is also the first spin-out from the Oxford Physics Department in which IP2IPO has invested and so marks another very positive development in IP2IPO's relationship with the University of Oxford and Isis Innovation.' Ross Walker, Chief Executive of ORFS, said: 'Our highly sensitive and robust sensors are already attracting a great deal of industry interest. We have initial customers on board and are in the advanced stages of signing up more. This round of funding will enable us to increase our engineering resource to meet their demands and to rapidly expand our business.' For more information please contact: IP2IPO David Norwood, Chief Executive Officer 020 7489 5200 Oxford RF Sensors Ross Walker, Chief Executive Officer 0780 1371633 Buchanan Communications Mark Court, Mary-Jane Johnson 020 7466 5000 Notes for editors IP2IPO is an intellectual property (IP) company that specialises in commercialising university technology. The Company was founded in 2001 and listed on the AIM Market of the London Stock Exchange plc in October 2003. IP2IPO's first partnership was with the University of Oxford. In return for an investment of £20 million, IP2IPO has acquired 50 per cent of the University of Oxford's equity in spin-out companies and technology licenses based on intellectual property created at the Chemistry Department until 2015. In November 2003, IP2IPO created a £5 million seed capital fund for investing in spin-out companies across the University of Oxford, not just those originating within the Chemistry Department. In March 2002, IP2IPO entered into a second long-term partnership with the University of Southampton. Under the terms of this partnership, IP2IPO is committed to working with the University of Southampton in the identification and facilitation of spin-out companies from across the University of Southampton and to investing £5 million in early-stage University of Southampton spin-out companies over a four year period in return for equity stakes in those companies. In addition, IP2IPO also received a 20 per cent stake in Southampton Asset Management Limited, a company that has been formed to hold the University's equity stakes in its spin-out companies. The partnership has a term of at least 25 years. IP2IPO entered into its third long-term partnership in May 2003 with King's College London. IP2IPO will work with King's College London to help identify and progress commercialisation opportunities as well as invest £5 million in seed capital in spin-out companies from King's College London over a five year period in return for equity stakes in those companies. In addition, IP2IPO will receive 20 per cent of King's College London's equity in spin-out companies and technology licenses. The partnership has a term of 25 years. In October 2003, IP2IPO announced a fourth partnership with the Centre for Novel Agricultural Products ('CNAP'), based at the University of York. CNAP is a flagship research centre that specialises in plant and microbial gene discovery. Under the terms of the partnership a new company, Amaethon Limited, has been created which has the right to commercialise CNAP's IP for 25 years. IP2IPO has invested £1.15m in Amaethon Limited in return for a 40% equity stake in Amaethon Limited (the remaining equity being owned by the University of York) and will also invest in the spin-out companies based on CNAP's IP which Amaethon Limited creates. In June 2004, IP2IPO acquired Top Technology Ventures Limited, an investment adviser to early stage technology funds. This combines IP2IPO's expertise in the creation of new ventures based on world leading university IP with Top Technology's focus on making early stage venture capital investments. In January 2005, IP2IPO acquired Techtran, a company set up in 2002 to commercialise university intellectual property under a long-term technology commercialisation contract with the University of Leeds. Under the terms of the contract Techtran receives a significant (30%) interest in spin-out companies created and technology licences negotiated, in return for the provision of technology transfer services to the University. To date, 4 spin-out companies from the IP2IPO portfolio have listed on the AIM Market of the London Stock Exchange plc: Offshore Hydrocarbon Mapping plc, Synairgen plc, VASTox plc and Proximagen Neuroscience plc. For more information please visit www.ip2ipo.com This information is provided by RNS The company news service from the London Stock Exchange

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