Appointment of Chairman

28th April 2010

IPSA PLC (AIM: IPSA), the developer, owner and operator of power generation capacity in Southern Africa, is pleased to announce the appointment of Richard Linnell as Chairman of the Board of Directors, replacing Stephen Hargrave who stepped down at the conclusion of the AGM. 

Richard is a South African national. A geologist by training, he has over 35 years' experience in the resource industry in Africa, principally with companies now forming part of BHP Billiton. His last two executive roles were Regional Director of African Exploration and Development with Billiton and General Manager of Manganese at Samancor. After retiring from full time employment with the BHP Billiton Group, he served as a non-executive Director of Billiton (SA) Ltd., until 2003. He is non-executive chairman of Coal of Africa Ltd and a director of a number of other companies.

Peter Earl, chief executive of IPSA, said: "We are delighted that Richard Linnell has agreed to become Chairman of IPSA Group.  Richard is a former member of the Eskom Council and has unrivalled experience of the energy market in South Africa.  He has represented the intensive energy users as well as leading the expansion of South Africa's major mining houses.  His experience in the coal sector is hugely valuable as IPSA looks to accelerate its presence in new clean coal CFB power developments in the Eastern Cape.  I believe that Richard will oversee a resurgence of IPSA as a leader among independent power producers in southern Africa."

Additional information:

In accordance with Schedule 2(g) of the AIM Rules, the following information in relation to the appointment of Richard John Linnell (age 65) as a director of IPSA is disclosed as follows:

Current directorships and partnerships:

Centebale Resources Ltd

Coal of Africa Limited

Cuco Resources Ltd

D Group SA Pty Ltd                             

D Group Corporate Forum                    

GRD Minproc SA Ltd                                                     

Mag Industries Corp Inc

Mag Minerals Potash Corp

Maghreb Minerals Plc

New Kush Exploration & Mining Ltd         

Nimag Pty Ltd

RJ Linnell & Associates CC

Rockwell Diamonds Inc

Sacoil Holdings Ltd

VML Resources Ltd  

Directorships and partnerships held in the past five years:

Brinkley Mining Company Plc

Chrome Corporation Ltd

Falkland Gold & Minerals Ltd

GMA Resources Ltd

GRD Minproc Ltd

Kalahari Diamonds Plc

Moydow Mines International Inc

Resource and Investment NL

Project Literacy Education Centre

Businessmap Ltd

Save for the information disclosed above there is no other information falling to be disclosed under Schedule 2(g) of the AIM Rules.

For further information contact: