Fusion IP plc (AIM: FIP), the university IP commercialisation company that turns world class research into business, is pleased to announce that it has conditionally raised £5,007,800 (before expenses) in a placing ("the Placing") with existing and new institutional shareholders. The Placing is conditional upon shareholder approval at a General Meeting.

A circular relating to the Placing and convening a General Meeting, which will take place at the offices of Ashurst LLP, Broadwalk House, 5 Appold Street, London EC2A 2HA at 11.30 a.m., or if later following the conclusion of the Company's Annual General Meeting, on 25 November 2011, will be sent to shareholders today.

Commenting on the Placing, David Baynes, Chief Executive Officer of Fusion IP said:

"We are very pleased to announce this additional investment in the company from both current and new shareholders.

We believe these funds, plus monies we expect to generate out of our growing portfolio, puts us in a strong position to maximise the return from both our portfolio and future companies."