Directorate Change

23 July 2015

Imperial Innovations Group plc

Directorate Change

Imperial Innovations Group plc (AIM: IVO, 'the Group', 'Innovations') announces that its non-executive director Mark Rowan will resign from the Board on 31 July 2015.

Mark was appointed to the Board in April 2006, having been a director of the Group's subsidiary Imperial Innovations Ltd since January 2005. He joined Innovations after a career working at J.P. Morgan and American International Group and has also provided advice on strategic and structural issues to a broad spectrum of companies, including early-stage technology investments.

Mark served as the Chairman of the Group's Audit and Risk Committee since the Group's IPO in 2006. He also served on the Remuneration Committee and Nomination Committee.

Linda Wilding takes over as chair of the Audit and Risk Committee on 1 August 2015.

Martin Knight, Chairman of Imperial Innovations, said:

"On behalf of the Board I would like to thank Mark for more than ten years of service to the Group, during which time we have benefited from his extensive experience, wise counsel and financial expertise.

"He has played an important role in Innovations' evolution, from its IPO in 2006, to its current position as one of the UK's leading technology commercialisation companies.

"His legacy includes our sound financial controls and funding strategy, recent highlights of which include the execution of last year's £150m placing and obtaining £80m in loan facilities from the European Investment Bank (EIB).

"Mark has made a significant contribution to the success of the Group and we would all like to thank him for his service and offer him our best wishes for the future."

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