Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

IP Group PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Change to ownership percentage as a result in an increase in outstanding shares. No change to number of shares held. 

 X

3. Full name of person(s) subject to the notification obligation:

 Baring Asset Management Limited ("BAM")

OppenheimFunds, Inc ("OFI")

4. Full name of shareholder(s) (if different from 3.):

5. Date of the transaction and date on which the threshold is crossed or reached:

 4 December 2009

6. Date on which issuer notified:

 8 December 2009 

7. Threshold(s) that is/are crossed or reached:

 10% (Change to ownership percentages, 9.8258% in aggregate, due to increase in outstanding shares)

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

 GB00B128J450

1,010,150 (BAM)

1,010,150 (BAM)

 1,010,150 (BAM)

1,010,150 (BAM)

.3950% (BAM)

24,120,750 (OFI)

24,120,750 (OFI)

24,120,750 (OFI)

24,120,750 (OFI)

9.4309% (OFI)

25,130,900 (Total)

25,130,900 (Total)

25,130,900 (Total)

25,130,900 (Total)

9.8258% (Total)

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 BAM: 1,010,150

OFI: 24,120,750

Total: 25,130,900

 BAM: .3950%

OFI: 9.4309%

Total: 9.8258%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

 The percentage of holdings noted above is based on the total outstanding shares of 255,763,664. There was no change in the number of shares held. The total outstanding shares increased, thereby decreasing the percentage of the shares held.

Massachusetts Mutual Life Insurance Company (MassMutual) is the Parent Company of Baring Asset Management Limited (BAM) and OppenheimerFunds, Inc (OFI). 

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Greg Smith 

15. Contact telephone number:

0845 074 2929