Holding(s) in Company

IP2IPO Group PLC
16 May 2005


                                IP2IPO GROUP PLC

                                ('the Company')

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

The Company received the following notification from Merrill Lynch Investment
Managers Ltd on 12 May 2005:

As at 11 May 2005 the following entities had material interests in ordinary
shares of 10p each (the 'shares') of the Company:

Nutraco Nominees Limited being the registered holders of 4,918,815 shares,
representing 11.4% of the then issued share capital of the Company.

Merrill Lynch Pension Nominees Limited A/C Noncert being the registered holders
of 984,833 shares, representing 2.3% of the then issued share capital of the
Company.

Contact:
John Davies
020 7489 5200

16 May 2005



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