Fusion IP plc ("Fusion IP") 

Result of Capital Raising

The board of Fusion IP notes the announcement yesterday by IP Group plc ("IP Group") confirming that the Firm Placing and Placing, Open Offer and Offer for Subscription (together the "Capital Raising") undertaken by IP Group has been increased from £75.0m to £100.0m due to significant investor demand.

As set out in Part 1 of the Scheme Document sent to Fusion Shareholders on 4 February 2014, Scheme Shareholders will, upon the Scheme becoming effective, be issued approximately 8.2 per cent of the issued share capital of IP Group following the increased Capital Raising.

A detailed timetable of events for the Scheme is set out below. These dates are indicative only and will depend, amongst other things, on the date on which the Court sanctions the Scheme and the associated Capital Reduction. If the expected dates change, Fusion IP and IP Group will give notice of the changes in an announcement through a Regulatory Information Service.

Copies of this announcement and the Scheme Document are available free of charge, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Fusion IP's website (www.fusionip.com) and IP Group's website (www.ipgroupplc.com), up to and including the Effective Date.

For the avoidance of doubt, the content of the websites referred to above is not incorporated into and does not form part of this announcement.

The expected timetable of principal events is as follows:

Notes:

1.         If the blue Form of Proxy for the Court Meeting is not returned, or an electronic appointment of proxy is not made through a CREST proxy instruction, by 11.00 a.m. on 25 February 2014, or, if the Court Meeting is adjourned 48 hours before the time fixed for the holding of the adjourned meeting, it may be handed to Fusion IP's registrars, Capita Asset Services on behalf of the chairman of the Court Meeting before the taking of the poll at the Court Meeting and will still be valid. However, the white Form of Proxy for the Fusion IP General Meeting must be lodged by 11.15 a.m. on 25 February 2014 in order to be valid, or, if the Fusion IP General Meeting is adjourned, not later than 48 hours before the time fixed for the holding of the adjourned meeting.

2.         If either the Court Meeting or the Fusion IP General Meeting is adjourned, the Voting Record Time for the adjourned meeting will be 6.00 p.m. on the date two days before the date set for the adjourned meeting.

3.         In the event that the Court Meeting concludes or is adjourned after 11.15 a.m. on 27 February 2014, the Fusion IP General Meeting will follow as soon as possible thereafter.

4.         These times and dates are indicative only and will depend on, amongst other things, on the date on which the Court sanctions the Scheme and confirms the associated Capital Reduction and whether the Conditions are either satisfied or, where applicable, waived.

All references in the above timetable to times are to London time unless otherwise stated.

Terms and expressions used but not defined in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the Scheme Document.

For further information please contact:

Fusion IP                                                                                                                                +44 (0) 114 275 5555

David Baynes, CEO

Stuart Gall, Press Relations                                                                                       

Cenkos Securities plc                                                                                                          +44 (0) 20 7397 8900

Bobbie Hilliam, Harry Pardoe (Corporate Finance)

Julian Morse (Sales)