FIPP
23 March 2012

Frontier IP Group Plc
("Frontier IP", "the Group" or "the Company")

Unaudited half year results to 31 December 2011

Frontier IP Group Plc is focused on the commercialisation of university IP

Key Points
•    Encouraging commercial progress
•    Total revenue of £119,000 (2010: 6 months £296,000)
•    Loss before tax of £187,000 (2010: 6 months profit of £69,000)
•    Loss per share of 2.68p (2010: 6 months earnings per share of 1.39p)
•    Net assets per share as at 31 December 2011 of 39p (31 December 2010: 50p)
•    Cash balances as at 31 December 2011 of £299,000 (31 December 2010: £84,000)
•    Portfolio developing with new equity and potential for licensing income

Neil Crabb, Executive Chairman of Frontier IP, said:

"I am pleased to report that Frontier IP has continued to make good progress in developing its business.

There were a number of positive developments in our existing portfolio and it is encouraging that several spinouts are already crossing into profitability. We believe that there is a broad range of significant commercial opportunities across our three university partnerships and, in the short to medium term, will be focusing our attention on exploring and developing these.

We are also directly exploring a number of specific opportunities to help our partner universities fully exploit their substantial research and asset bases as there is continuing pressure for universities to bring in additional revenue streams and sources of funding. The Company is currently evaluating financing options in order to fully resource these opportunities as well as providing for the ongoing working capital needs of the business."

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