Further to the announcement dated 17 March 2014, the Fusion IP Board and the IP Group Board are pleased to announce that the Court has today made an order confirming the Capital Reduction at the Reduction Court Hearing, which follows the Court's sanction of the Scheme at the Scheme Court Hearing held on 17 March 2014.

The Scheme will become effective in accordance with its terms upon the Court Orders being delivered to the Registrar of Companies, which is expected to take place later today.
In connection with the Acquisition, Scheme Shareholders will receive 0.446 of a New IPG Share for each Scheme Share held at the Reduction Record Time and IP Group will be required to issue 39,150,484 New IPG Shares to Scheme Shareholders. An application has been made to the FCA for the New IPG Shares to be listed on the premium segment of the Official List and to the London Stock Exchange for the New IPG Shares to be admitted to trading on the London Stock Exchange's main market for listed securities, which, in each case, is expected to take place at 8.00 a.m. (London time) on 20 March 2014. Share certificates in respect of New IPG Shares will be despatched to Scheme Shareholders or Scheme Shareholders' stock account in CREST will be credited with such New IPG Shares (as applicable) no later than 2 April 2014, being 14 days from 19 March 2014.
As announced by the Company on 17 March 2014, trading in Fusion IP Shares on AIM was suspended with effect from 7.30 a.m. (London time) on 19 March 2014. An application has been made to the London Stock Exchange for the cancellation of the Fusion IP Shares from trading on AIM and it is expected that such cancellation will take place at 7.00 a.m. (London time) on 20 March 2014.

Full details of the Acquisition are set out in the scheme document dated 4 February 2014 as sent or made available to Fusion IP Shareholders on 4 February 2014 ("Scheme Document"). Capitalised terms used but not otherwise defined in this announcement have the meaning given to them in the Scheme Document.

A copy of this announcement will be available on Fusion IP's and IP Group's websites at www.fusionip.co.uk and www.ipgroupplc.com, respectively.

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