Director's Shareholding

Independent Power Corporation PLC ("IPC"), a company controlled by Peter Earl, Chief Executive Officer of IPSA, has notified the Company that on 29 June 2009 it disposed of 312,500 ordinary shares of 2 pence each in the Company ("Ordinary Shares") at a price of 16 pence per share.

Following the disposal of Ordinary Shares, IPC holds 3,125,000 Ordinary Shares. Accordingly, Mr. Earl's beneficial holding in the Company is 13,135,000 Ordinary Shares, representing 13.8 per cent. of the issued share capital of IPSA. 

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, Noble & Company Ltd, (Nominated Adviser and Joint Broker)   +44 (0)20 7763 2200  

Daniel Briggs, Religare Hichens Harrison (London), (Joint Broker)   +44 (0)20 7382 7776  

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

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