14 December 2009

The following information is extracted from a circular which will be posted to Shareholders (the “Circular”).  Copies of the Circular will be available at the offices of FinnCap (4 Coleman Street London EC2R 5TA) upon request.  Definitions used in the Circular apply in this announcement unless the context otherwise requires.

Placing to raise £1 million

Notice of General Meeting

ILX Group plc (AIM:ILX) is pleased to announce a conditional placing of, in aggregate, 4,070,000 Ordinary Shares at a price of 25 pence per share.  Once completed and assuming full subscription under the Placing, the proceeds available for the Company will be £1,017,500 (before expenses). The purpose of the Placing is to strengthen the Company’s balance sheet and provide working capital to fund the future growth of its business.

The Placing is conditional, inter alia, upon the Company obtaining approval from its Shareholders to grant the Board authority to allot the Placing Shares and to disapply statutory pre-emption rights which would otherwise apply to the allotment of the Placing Shares.

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