Completion of disposal

01 February 2010

IQ Holdings plc

("IQH" or the "Company")

COMPLETION OF THE DISPOSAL OF ROSSLYN AND VIEWPOINT

Further to the announcement on the 24 December 2009, the Board of IQ Holdings plc announces that all conditions have been satisfied and that the disposal of Rosslyn Research Limited ("Rosslyn") and Viewpoint Field Services Limited ("Viewpoint") to Rivington Street Holdings plc ("RSH") has today been completed.

Julian Green, Neil McGowan, Joe Seydel and Gale Blears have today resigned as Directors of IQH.

As detailed in the Circular and announcement dated 24 December 2009, the final amount of consideration payable to IQH (in RSH shares) is dependent on a creditors' statement to be produced within 20 business days from the date of completion. A further announcement will be made once the consideration has been finalised and the consideration shares have been issued.

In addition, as detailed in the Circular, IQH has undertaken as soon as practicable to apply to the Court for a confirmation of the proposed cancellation of the capital redemption reserve, share premium account and reduction of share capital to allow the Company to distribute the majority of the RSH shares to IQH Shareholders. A further announcement regarding timetable will be made in due course.

--END--

For further information, please contact:

For details of the transaction please see the Company's announcement made on 24 December 2009. For the full Circular, please visit the Company's website at www.iqholdings.co.uk.

Unless otherwise defined in this announcement, capitalised words and phrases used in this announcement shall have the same meanings given to them in the Circular dated 24 December 2009.