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Tue 31 Oct 2006, 16:13 IPSA - Notifiable interest
IPS
 IPSA                                                                            
IPSA - Notifiable interest                                                      
IPSA GROUP PLC                                                                  
(Incorporated and registered in England and Wales)                              
(Registration number 5496202)                                                   
AIM Share Code: IPSA     AIM ISIN: GB00B0CJ3F01                                 
JSE Share Code: IPS      JSE ISIN: GB00B0CJ3F01                                 
IPSA Group PLC ("IPSA" or "the Company")                                        
NOTIFIABLE INTEREST                                                             
IPSA announces that it received notification on 27 October 2006 that on 26      
October 2006 FMR Corp. ("FMR") and its direct and indirect subsidiaries, being  
non-beneficial holders, had an interest in 2,184,605 ordinary shares of 2p each 
in the Company, representing 3.63% of the issued share capital of the Company.  
This percentage is calculated based on the issued share capital following the   
placing of shares on 19 October 2006 but prior to the subsequent placing        
announced on 25 October 2006.  This represents the entire holding of FMR in the 
share capital of the Company.                                                   
The Company received notification from FMR on 8 March 2006 that FMR and its     
direct and indirect subsidiaries, being non-beneficial holders, had an interest 
in 3,246,075 ordinary shares of 2p each in the Company, representing 5.94% of   
the issued share capital of the Company.  This notification of interest was     
calculated based on the issued share capital prior to the placing of shares on  
19 October 2006.                                                                
31 October 2006                                                                 
Sponsor                                                                         
Standard Bank                                                                   
For further information please contact:                                         
Elizabeth Shaw, COO, IPSA Group plc          020 7793 7676                      
Mark Froggatt, Noble & Company Limited       020 7763 2200                      
Allan Piper, First City Financial            07736 064982                       
                                             020 7436 7486                      
Date: 31/10/2006 04:13:51 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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