Ilika Plc Regulatory News (IKA)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Ilika plc

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

An acquisition or disposal of voting rights

X

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):

3. Full name of person(s) subject to thenotification obligation: iii

IP Group plc

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

See section 9

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

02 October 2012

6. Date on which issuer notified:

03 October 2012

7. Threshold(s) that is/are crossed orreached: vi, vii

Direct interests: unchanged

Indirect interests: 7% reached

Combined direct and indirect interests: 16% reached

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct xi

Indirect xii

Direct

Indirect

Ordinary 1p Shares

8,161,487

8,161,487

7,778,387

4,174,742

3,603,645

9.11%

7.87%

GB00B608Z994

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

7,778,387

16.98%

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

Legal title to the 383,100 shares previously held by IP2IPO Nominees Limited as nominee on behalf of current and former IP Group plc members of staff has now been transferred to the beneficial owners of those shares. There has been no change in the direct interest of IP Group plc in the shares of the Company.

Direct interests:

IP2IPO Limited - 817,746

IP2IPO Management VIII Limited - 3,356,996

IP2IPO Management VIII Limited is a 100% owned subsidiary of IP2IPO Limited. IP2IPO Limited is a 100% owned subsidiary of IP Group plc.

Indirect interests:

IP Venture Fund - 3,603,645

IP Venture Fund is a limited partnership fund that is managed by Top Technology Ventures Limited, a 100% subsidiary of IP Group plc.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

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

13. Additional information:

Based on 45,814,033 Ordinary Shares in issue

14. Contact name:

Greg Smith

15. Contact telephone number:

020 7444 0050