Director Declaration

15 December 2010

INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED

Director Declaration

In accordance with the requirements of Listing Rule 9.6.14 (2), International Public Partnerships Limited advises it has been notified of the following change to directorships in other publicly quoted companies held by a member of the Board.

Mr Rupert Dorey was appointed a Director of CQS Diversified Fund Limited, which listed on the London Stock Exchange today.

For further information:

Heritage International Fund Managers Limited

Company Secretary

Tel: +44 (0)1481 716000