XEROS TECHNOLOGY GROUP PLC

Major Shareholding Notification • May 18, 2017

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RNS Number : 4814F

Xeros Technology Group plc

18 May 2017

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			XEROS TECHNOLOGY GROUP 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				X
Other (please specify):
3. Full name of person(s) subject to the notification 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 on which the threshold is crossed or reached: v		15 May 2017
6. Date on which issuer notified:		16 May 2017
7. Threshold(s) that is/are crossed or reached: vi, vii		Direct interests: unchanged Indirect interests: 7% crossed Combined direct and indirect interests: 19% crossed

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction							Resulting situation after the triggering transaction
Number of Shares				Number of Voting Rights			Number of shares			Number of voting rights					% of voting rights x
Direct xi		Indirect xii			Direct		Indirect
Ordinary 0.15p Shares	16,363,058				16,363,058			15,849,106			9,874,240		5,974,866			11.23%		6.80%
GB00BJFLLV84
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii			Exercise/ Conversion Period xiv				Number of voting rights that may be acquired if the instrument is exercised/ converted.					% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		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
15,849,106									18.03%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Direct interests: IP Assist Services Limited: 5,928,000 IP2IPO Limited: 3,946,240 IP Assist Services Limited, formerly known as Techtran Group Limited, is a 100% owned subsidiary of IP Group plc. IP2IPO Limited is a 100% owned subsidiary of IP Group plc. Indirect interests: IP Venture Fund: 4,327,564 Share Nominees Limited: 1,555,303 Reyker Nominees Limited: 91,999 IP Venture Fund is a limited partnership fund that is managed by Top Technology Ventures Limited, a 100% subsidiary of IP Group plc. Share Nominees Limited and Reyker Nominees Limited (the "Nominees") are the legal nominees for shares owned by investors in certain Parkwalk Advisors Limited ("Parkwalk") EIS funds. Parkwalk has the discretion to instruct the Nominees to exercise the voting and other rights attaching to such shares. Parkwalk is a 100%-owned subsidiary of IP Group plc following its acquisition on February 1 February 2017.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:									Based on 87,902,127 Ordinary Shares in issue 9 February 2017 notification based on 86,021,911 Ordinary Shares in issue
14. Contact name:									Greg Smith
15. Contact telephone number:									020 7444 0050

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