Notifiable Interest

IPSA, the AIM and ALTx dual listed independent power plant developer with operations in southern Africa, announces that it received notification on 12 January 2007 that on 10 January 2007 UBS AG ("UBS"), acting through its business group and legal entities, had an interest in 4,029,009 ordinary shares of 2p each in the Company, representing 6.09% of the issued share capital of the Company. This represents the entire holding of UBS in the share capital of the Company.

On 11 December 2006 UBS, acting through its business group and legal entities, had an interest in 3,887,523 ordinary shares of 2p each in the Company, representing 5.88% of the issued share capital of the Company.


For further information please contact:
Peter Earl, CEO, IPSA Group plc 020 7793 7676
Adam Westcott, Noble & Company Limited 020 7763 2200
Allan Piper, First City Financial 07736 064982 / 020 7436 7486