Notice of EGM

IPSA, the independent power plant developer with operations in southern Africa, which is quoted on AIM and has a secondary listing on ALTx, announces that on 31 March 2007 it will post to shareholders its Annual Report for the period to 30 September 2006 and a notice convening an extraordinary general meeting ("Notice of EGM") to be held at 5th Floor, Prince Consort House, 27 - 29 Albert Embankment, London, SE1 7TJ at 10 am on 24 April 2007 at which shareholders' approval will be sought for the Annual Report of the Company and for new authorities to be given to Directors to allot relevant securities in the Company pursuant to the Companies Act 1985.

The Company's Annual Report and Notice of EGM is available from the Company

Secretary:

Sue Laker
5th Floor
Prince Consort House
27 - 29 Albert Embankment
London
SE1 7TJ

For further information please contact:
Sue Laker, Company Secretary, IPSA Group PLC 020 7793 7676