> September 19, 2005
 > November 1, 2005
 > March 6, 2006
 > June 8, 2006
 > June 21, 2006
 > September 5, 2006
 > September 7, 2006
 > September 7, 2006
 > October 9, 2006
 > October 16, 2006
 > October 19, 2006
 > October 25, 2006
 > October 30, 2006
 > November 9, 2006
 > November 9, 2006
 > November 29, 2006
 > December 13, 2006
 > December 18, 2006
 > December 22, 2006
 > January 15, 2007
 > January 19, 2007
 > January 31, 2007
 > February 1, 2007
 > February 14, 2007
 > February 16, 2007
 > February 22, 2007
 > March 1, 2007
 > March 2, 2007
 > March 9, 2007
 > March 15, 2007
 > March 24, 2007
 > March 30, 2007
 > April 4, 2007
 > April 11, 2007
 > April 18, 2007
 > April 24, 2007
 > May 2, 2007
 > June 1, 2007
 > June 28, 2007
 > August 30, 2007
 > September 3, 2007
 > September 11, 2007
 > September 28, 2007
 > October 1, 2007
 > October 24, 2007
 > November 28, 2007
 > January 23, 2008
 > January 24, 2008
 > January 25, 2008
 > January 29, 2008
 > February 6, 2008
 > February 15, 2008
 > March 3, 2008
 > March 11, 2008
 > March 18, 2008
 > March 31, 2008
 > April 1, 2008
 > April 4, 2008
 > June 30, 2008
 > July 3, 2008

Formal SARB approval for Placing of shares on ALTx

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, following receipt of exchange control approval from the South African Reserve Bank for the listing of the new shares on ALTx, it has today submitted its application for 10,000,000 new ordinary shares of 2p each in the Company (the "Placing Shares") to be admitted simultaneously to AIM and ALTx. It is expected that the Placing Shares will be admitted to trading on 8 March 2007.

The placing for cash was originally announced on 16 February 2007 and will raise £7,500,000 before expenses (approximately ZAR 105,853,875).

There are no shares held in treasury, so the total number of voting rights in the Company following admission of the Placing Shares to AIM and ALTx will be 76,129,469. This figure may be used by shareholders from 8 March 2007 as the denominator for the calculations by which they will determine whether they are required to notify their interest, or change to their interest, in IPSA, under the Disclosure and Transparency Rules.


For further information please contact:
Peter Earl, CEO, IPSA Group PLC 020 7793 7676
John Llewellyn-Lloyd, Noble & Company Limited 020 7763 2200
Allan Piper, First City Financial 07736 064982 / 020 7436 7486