Change of Adviser

Shareholders are advised that IPSA has appointed PSG Capital (Proprietary) Limited as sponsor to the Company in respect of its listing on the Alternative Exchange of the JSE Limited with effect from 17 March 2008. Noble & Company Limited will remain the Company's Nominated Adviser in respect of its listing on the AIM market of the London Stock Exchange Plc.

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

Nick Naylor / 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)

Dino Theodorou / Melissa Harris, PSG Capital +2711 797 8438
(Sponsor in South Africa)