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IPS
IPSA                                                                            
IPS - IPSA Group Plc - Substantial Shareholding                                 
IPSA GROUP PLC                                                                  
(Incorporated and registered in England and Wales)                              
(Registration Number 5496202)                                                   
AIM Share: Code IPSA & ISIN GB00BOCJ3F01                                        
JSE Share: Code IPS & ISIN GB00BOCJ3F01                                         
("IPSA" or "the company")                                                       
SUBSTANTIAL SHAREHOLDING                                                        
IPSA, the independent power plant developer, announces that it received         
notification yesterday that Sterling Trust Limited ("Sterling Trust"), acquired 
1,805,000 ordinary shares of 2p each in the Company ("Ordinary Shares") on that 
day.                                                                            
Following this transaction, Sterling Trust holds 12,930,000 Ordinary Shares,    
representing 13.61% of the issued share capital of the Company.                 
London                                                                          
17 September 2010                                                               
For further information contact:                                                
Peter Earl, CEO, IPSA Group PLC   +44 (0)20 7793 5615                           
John Llewellyn-Lloyd / Harry Stockdale, Execution Noble & Company Ltd  +44 (0)20
7456 9191                                                                       
Riaan van Heerden, PSG Capital (Pty) Ltd  +27 (0)21 887 9602                    
Date: 17/09/2010 09:00:01 Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

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