Change of Adviser

Embargoed for release at 7am 12 July 2010

IPSO Ventures plc

("IPSO" or the "Company")

Appointment of nominated adviser and broker

IPSO is pleased to announce the appointment of Allenby Capital Limited as its Nominated Adviser and Broker with immediate effect.

For further information, please contact:

Notes for Editors

Company description:

IPSO creates commercial value from technology and its business model is entirely demand driven. It works closely with its industrial collaborators to identify the demand for new, innovative technologies and then, through its strong relationships with research institutions, sources technologies which could meet those needs. Much of this technology requires considerable further work by IPSO before it can be sold to industry as a developed product. IPSO creates businesses and provides expertise, strategic direction, human and seed capital, as well as corporate finance advice.

For industrial collaborators, IPSO provides a mechanism to identify and develop technologies which could be of significant value to their businesses, and removes the risk to them of acquiring raw, unproven and undeveloped technology.

For research institutions, IPSO provides greater certainty that their technology will find commercial success.