Director's Shareholding

IPSA Group PLC announces that it was informed on 22 April 2009 that Peter Earl, Chief Executive Officer of IPSA, has transferred 5 million Ordinary Shares in the Company to his wife, Emma Earl, at a transfer price of 13 pence per share on 22 April 2009.

As a result of this transfer Mr. Earl's beneficial holding in the Company remains unchanged at 13,447,500, representing 14.2 per cent. of the issued share capital of IPSA. This figure includes 3,437,500 Ordinary Shares in IPSA held by Independent Power Corporation PLC, a company in which he has a controlling interest.

For further information contact:

Peter Earl, CEO, IPSA Group PLC:  +44 (0)20 7793 5615

Elizabeth Shaw, COO, IPSA Group PLC:  +44 (0)20 7793 5615

John Llewellyn-Lloyd / Sunil Sanikop, Noble & Company Ltd (Nominated Adviser and Joint Broker):   +44 (0)20 7763 2200

Allan Piper, Tavistock Communications (UK PR Advisers):  +44 (0)20 7920 3150

Dino Theodorou, PSG Capital (Pty.) Limited (South African Sponsors):   +27 (11) 797 8400

Sugitha Naidoo, College Hill (South African PR Advisers):  +27 (11) 447 3030