Clarification of change of holding

The Board of Intelligent Ultrasound Group plc (AIM: MED) would like to clarify that, following a recent media report, the reduction in the percentage shareholding of IP Group plc and Parkwalk Advisors Limited in the Company announced on 2 September 2019, was as a result of their dilution following the increase in the number of shares in issue subsequent to the oversubscribed Placing and Open Offer which was approved by shareholders on 27 August 2019 and not as a result of any disposal of shares in the Company by IP Group plc or Parkwalk Advisors Limited.