Notifiable Interest

IPSA, the independent power plant developer with operations in southern Africa, announces that it received notification on 2 October 2008 that on 29 September 2008 Credit Suisse Securities (Europe) Limited had an interest in 3,710,000 ordinary shares of 2 pence each in the Company, representing 4.14% of the issued share capital of the Company.

For further information please 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
(Nominated Adviser and Joint Broker)
+44 (0) 20 7763 2200

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

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


Dino Theodorou / Melissa Harris
PSG Capital (Pty.) Limited
(South African Sponsors)
+2711 797 8400


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