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Thu 29 Mar 2007, 15:15 IPS - IPSA Group Plc - Notifiable interest
IPS
 IPSA                                                                            
    IPS - IPSA Group Plc - Notifiable interest                                  
                                                                                
    IPSA GROUP PLC                                                              
(Incorporated and registered in England and Wales)                          
    (Registration number 5496202)                                               
    AIM Share Code: IPSA     ISIN: GB00B0CJ3F01                                 
    JSE Share Code: IPS      ISIN: GB00B0CJ3F01                                 
("IPSA" or "the Company")                                                   
                                                                                
    NOTIFIABLE INTEREST                                                         
    The Company announces that it received notification on 19 March 2007 that,  
further to the implementation of the Disclosure and Transparency Rules,     
    Moore Credit Fund, Ltd ("Moore Credit") was interested in 3,703,700         
    ordinary shares of 2p each in the Company, representing 4.87% of the issued 
    share capital of the Company.                                               
On 5 September 2006 the Company announced that Moore Credit had an interest 
    in 3,703,700 ordinary shares of 2p each in the Company, representing 6.78%  
    of the issued share capital of the Company.                                 
    For further information please contact:                                     
Peter Earl, CEO, IPSA Group PLC +4420 7793 7676                             
                                                                                
    29 March 2007                                                               
                                                                                
Sponsor                                                                     
    Standard Bank                                                               
Date: 29/03/2007 15:15:01 Produced by the JSE SENS Department.                  
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