IHGP IN House

    For Immediate Release                                     18 November 2008

               IN HOUSE GROUP PLC ("In House" or the "Company")                

         ACQUISITION OF PROPERTY SOURCING COMPANY AND ISSUE OF SHARES          

The Board of In House Group plc is pleased to announce that the Company has
agreed to acquire a 75% interest in Breatheasy Finance Limited. Heads of terms
have been agreed proposing a purchase price of up to �200,000 to be settled by
the issue of the Company's Ordinary Shares of 0.001p ("Ordinary Shares") and In
House Group has issued 50,000,000 Ordinary Shares at a price of 0.05p in
settlement of a �25,000 payment for a three month exclusivity period.
Completion of the deal is subject to completion, by the Company, of appropriate
due diligence on Breatheasy Finance Limited.

Breatheasy Finance identifies housing stock at below market value with a view
to achieving strong rental yields. Housing stock is acquired via a variety of
key strategic partnerships and from owners looking to dispose of property
expeditiously. A key facility offered to owners wishing to dispose of their
property is Breatheasy's "Tenant Stay" where the owner has the facility to stay
in the property whilst paying a fair market rent rate. The tenant also has the
option to purchase the property at a later date if they wish.

Properties identified will be acquired and managed on behalf of third party
investors and also directly for the Group thus providing a combination of
additional income streams and the potential for capital growth. Properties
acquired by the Group will be financed from a combination of existing finance
facilities and new finance facilities currently under discussion with a
commercial finance broker.

Application has been made for the 50,000,000 new ordinary shares, which will
rank pari passu with the existing ordinary shares, to be admitted to trading on
AIM and trading is expected to commence on 21 November 2008. As a result the
Company's issued share capital will be 2,068,895,494 ordinary shares.

NOTES TO EDITORS

In House Group plc operates its business in three main areas:

Portfolios - which are ideally acquired on a self financing basis in that
funding has been arranged to cover the full cost of each acquisition with
anticipated rental income covering a substantial part of the interest costs of
the prospective debt financing for each Portfolio. The group's expertise is in
turning around distressed property and obtaining secure tenancies to elevate
property values and income streams. In some cases, the Company is able to agree
five year letting contracts with government appointed agencies, thus providing
security of income. As Portfolios are only being acquired where rents largely
cover ongoing costs (including interest), this enables the properties to be
held until the target price for each of the properties in the Portfolios is
obtained.

Property Broking - The Group has over �450 million of property for sale on the
Property Broking pages of its website. Instructions are either taken directly
from vendors, for which the Company receives between 0.25% and 2% commission on
completion of a sale, or through joint agency agreements with a number of other
agents where commission is split when a sale is agreed. The Group aims to have
a comprehensive and diverse investment property brokerage covering both
residential and commercial sales stock. Where portfolios are acquired by the
Group they will be immediately placed for sale through the Property Broking arm
on a break-up basis in order to generate income and cash flow for the Group.

Property Lettings Management - The group continues to manage properties for a
number of landlords and is actively looking for new instructions from property
owners and landlords. The Company is also looking to increase properties under
management with referrals from professional connections (for which a fee will
be paid) and from the acquisition of other lettings businesses. In House group
canvasses debt agencies for repossessed properties and is offering a turn key
service to these companies to let and manage properties whilst disposal is
sought. It is also intended that the lettings management arm of the Group will
take over the lettings management of the Portfolios. Whilst portfolios are
prepared for sale on a break-up basis, it aims is to retain the management of
these properties in the interim period.

Contact: Marcus Cassidy, In House Group Plc on 0845 061 9999
mcassidy@ihgroup.co.uk

Roland Cornish, Beaumont Cornish Limited,
0207 628 3396

Sergio Pani, Ulysses Communications & Promotions on 0845 345 2705
sergio@ulyssesmarketing.com



END

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