Notifiable Interest

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 it received notification on 9 February 2007 that on 7 February 2007 UBS Investment Bank ("UBS"), acting through its controlled entity UBS AG London Branch, ceased to have a notifiable interest in the share capital of the Company.

On 1 February 2007 UBS, acting through its controlled entity UBS AG London Branch, had an interest in 3,929,009 ordinary shares of 2p each in the Company, representing 5.94% of the issued share capital of the Company.

For further information please contact:
Peter Earl, CEO, IPSA Group plc 020 7793 7676