Issue of New Shares

Issue of New Shares

The Company announces that it has issued 11,765 new ordinary shares to a consultant in respect of services provided to the Company.

The new ordinary shares rank pari passu with the existing ordinary shares in issue and application has now been made for the new ordinary shares to be admitted to trading on AIM, which is expected to occur at 8.00am on 8 April 2010.

Following admission, the Company will have 13,189,210 ordinary shares in issue.

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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.