PPG.L Regulatory News (PPG)

RNS ANNOUNCEMENT

7 July 2011

IPSO Ventures plc

("IPSO" or the "Company")

Completion of placing to raise £195,000

The Board of IPSO (the "Board") announces that, further to the announcement made by the Company on 29 June 2011 concerning the result of the general meeting held on that date and the decision of the Board to delay the implementation of the Placing and Admission, the Board has resolved that it is in the best interests of IPSO's shareholders as a whole that the Placing be implemented forthwith.

The Company has raised gross proceeds of £195,000 through the issue of 19,500,000 new ordinary shares in the Company at a placing price of 1 pence per share (the "Placing"). Further details of the Placing are set out in the circular dated 13 June 2011 and sent to shareholders of IPSO.

Application has been made for admission of the enlarged share capital of IPSO to trading on AIM ("Admission") and it is expected that Admission will become effective and dealings in the enlarged share capital will take place with effect from 8am on 8 July 2011.

Following Admission there will be 35,939,210 ordinary shares of 0.1 pence in issue. The above figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

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Company description

IPSO Ventures plc is a business creator and active investor in new technologies, principally in the renewable energy and healthcare sector. Its experienced management team focuses on adding commercial value to enable young companies to move forward rapidly.