Innobox Plc                                  

                            Re. I F Hotels Limited                             

The Directors of Innobox plc (the "Company") announce that at a meeting of the
members and creditors of I F Hotels Limited, a subsidiary of the Company, held
today, the Company Voluntary Arrangement, details of which were set out in an
announcement on 27 June 2007, was agreed and will now proceed.

Enquiries:

Russell Stevens                         07860 562621                           
Chief Executive                         Russell@innobox.co.uk                  
                                                       
                        
Tim Feather / Matthew Johnson           0113 246 2610                           
Hanson Westhouse Limited                                                       



END
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