Press Releases

AIM-quoted IPSA Group plc, set up to build and operate power stations in Southern Africa, today announced start-up losses for the 15 months to September 30, 2006, but confirmed it was expecting its first revenues during February.

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Read more: Company forsees "predictable earnings and dividends"

IPSA, the AIM and AltX traded power developer, has now confirmed the timetable for commencing the commercial operation of its first power plant in the Republic of South Africa (" South Africa "). Subject to the final granting of a generation licence by the National Energy Regulator South Africa (NERSA), South Africa 's power regulator, the IPSA Newcastle Cogeneration Plant in KwaZulu Natal is now expected to enter into commercial operation providing steam and power on 23 February 2007. Formal inauguration of the plant is scheduled for 16 February 2007.

Read more: First Revenue - Newcastle Plant Opening

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.

Read more: Notifiable Interest

 The Board of IPSA announces that at the annual general meeting ("AGM") of the Company, held yesterday at 2.00p.m. (GMT), all the resolutions were passed.

For further information please contact:
Peter Earl, CEO, IPSA Group plc 020 7793 7676
Adam Westcott, Noble & Company Limited 020 7763 2200

In order to comply with the EU Transparency Directive following its implementation through the provisions of the Financial Services Authority's Disclosure and Transparency Rules, we would like to notify the market of the following:

Read more: Total Voting Rights and Share Capital

IPSA, the AIM and ALTx dual listed independent power plant developer with operations in southern Africa, announces that on 11 December 2006 it received the following notifications:

Read more: Notifiable Interest

The Directors of IPSA, the AIM and ALTx dual listed independent power plant developer with operations in southern Africa, announce that the Company's first AGM will be held at 2.00pm on 21 December 2006 at 5th Floor, Prince Consort House, 27-29 Albert Embankment, London, United Kingdom, SE1 7TJ.

Read more: Notice of Annual General Meeting ("AGM")

IPSA, the AIM and ALTx dual listed independent power plant developer with operations in southern Africa, announces that it received notification on 6 November 2006 that Stanlib Asset Management Limited ("Stanlib") had an interest in 8,000,000 ordinary shares of 2p each in the Company, held on behalf of its clients, representing 12.10% of the issued share capital of the Company. This represents the entire holding of Stanlib in the share capital of the Company.

Read more: Notifiable Interest