IPPlus PLC (the 'Company')

Notifiable Interest

The Company received notification on the 19 November 2008 that on 13 November 2008, Allan Catchpole transferred from his SIPP administered by Suffolk Life Annuities Limited, 2,410,000 ordinary 1p shares in the Company at a price of 7.25 pence each into his own personal holding. 

As a consequence of this transaction Allan Catchpole has an unchanged interest in the ordinary shares in the Company, his total interest remaining at 2,410,000 shares, representing 8.1 per cent of the issued shares of the company.

Also as a consequence of this transaction, Suffolk Life Annuities Limited is now interested in 2,227,422 ordinary 1p shares representing 7.5 per cent of the issued share capital of the Company. 

For further information, please contact:

Stuart Gordon - Finance Director (01473 321800)

Richard Evans - Brewin Dolphin Ltd, Nominated Adviser (0845 213 4853)