Appointment of Director

IPSA is delighted to announce the appointment of Ms Rizelle Sampson, the CEO of African Footprint Investment Holdings (Pty) Limited, as a non-executive director of the Company with immediate effect.

Ms Sampson is a director of, and has an effective 17.25% shareholding in, Amandla Energy Resources Pty Limited (formerly known as IMARA Energy Resources) ("Amandla") which, in turn, holds an option to acquire 13,434,612 ordinary shares in the Company (being 15 per cent. of the current issued share capital) from Metropolitan Asset Managers Limited.

Ms Sampson, who has an extensive business and civil service experience, is a former senior manager at the Ministry of Communications and Sentech Ltd. She started her career in the financial services sector and, since leaving government in March 2003, has played a prominent and influential role in a number of black economic empowerment transactions.

Commenting on the appointment, Peter Earl, Chief Executive Officer of IPSA, said: "We are thrilled that Rizelle will be joining the Board of IPSA. Rizelle's experience and knowledge of government and the business environment will be of huge value to the Company as we continue to expand our portfolio of power projects in southern Africa."

For further information contact:

Peter Earl, CEO, IPSA Group PLC +44 (0) 20 7793 5600
Liz Shaw, COO, IPSA Group PLC +44 (0) 20 7793 5600

John Llewellyn-Lloyd / Jamie Boyd, Noble & Company Limited +44 (0) 20 7763 2200
(Nominated Adviser and Joint Broker)

Sean Lunn, Hichens, Harrison (South Africa) Ltd +2721 950 2711
(Joint Broker)

Allan Piper, First City Financial +44 (0) 20 7242 2666
(UK Public Relations Advisers)

Jacques de Bie, College Hill (South Africa) +2711 447 3030
(South African Public Relations Advisers)

Additional information:

In accordance with Schedule 2(g) of the AIM Rules, the following information in relation to the appointment of Rizelle Sampson (aged 32) as a director of IPSA is disclosed:

Current directorships and partnerships:
African Footprint Investment Holdings Pty Limited, Director
Tellumat Pty Limited, Director
Anooraq Resources Corporation, Director
National Electronic Media Institute of South Africa, Chairperson
Sail Group Pty Limited, Director
Singaphi Properties Pty Limited, Director
Akina Energy Pty Limited, Director
Plateau Resources Pty Limited, Director
Wit Deep Sand and Stone Pty Limited, Director
Benoni Sand and Buildware Pty Limited, Director
Crushco Pty Limited, Director
Vukuza Earth Works Pty Limited, Director
Amandla Energy Resources Pty Limited, Director
Pan African Telecoms Pty Limited, Director
Afigem Investments Pty Limited, Director
Sihayo Technology Holdings Pty Limited, Director
African Footprint Investments 7 Pty Limited, Director
Bowman Trading Pty Limited, Director

Directorships and partnerships held in the past five years:
B D Sarens Pty Limited, Director
Alzena Construction Pty Limited, Director
Tanzanite Consulting Pty Limited, Director
Limani Properties Pty Limited, Director
Lefatshe Security Services Pty Limited, Director
Micawber 277 Pty Limited, Director

Save for the information disclosed above there is no other information falling to be disclosed under Schedule 2(g) of the AIM Rules.