Result of Annual General Meeting

The Board of IPSA, the AIM and AltX dual listed independent power plant developer with operations in southern Africa, are pleased to announce that at today's Annual General Meeting, held at 5th Floor, Prince Consort House, 27-29 Albert Embankment, London SE1 7TJ, all resolutions were duly passed.

For further information contact:

Peter Earl, CEO, IPSA Group PLC:  +44 (0)20 7793 7676

Elizabeth Shaw, COO, IPSA Group PLC:  +44 (0)20 7793 7676

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

Allan Piper, First City Financial Public Relations (UK PR Advisers):  +44 (0)20 7436 7486

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

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