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Thu 1 Feb 2007, 11:30 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     AIM ISIN: GB00B0CJ3F01                             
JSE Share Code: IPS      JSE ISIN: GB00B0CJ3F01                             
    ("IPSA" or "the Company")                                                   
                                                                                
    Notifiable Interest                                                         
IPSA, the AIM and ALTx dual listed independent power plant developer with   
    operations in southern Africa, announces that it received notification on   
    29 January 2007 that on 25 January 2007 UBS Investment Bank ("UBS"), acting 
    through its controlled entity UBS AG London Branch, had an interest in      
3,929,009 ordinary shares of 2p each in the Company, representing 5.94% of  
    the issued share capital of the Company.  This represents the entire        
    holding of UBS in the share capital of the Company.                         
    UBS previously reported notifiable interests under the name UBS AG, which   
is now reporting on a disaggregated basis as follows: UBS Investment Bank,  
    UBS Global Wealth Management and Business Banking, UBS Global Asset         
    Management DRCM, UBS Global Asset Management Traditional, UBS Global Asset  
    Management Alternative and Quantitative and UBS Global Asset Management     
IFS.                                                                        
    On 15 January 2007 UBS AG, 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.     
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             

                                                                                
    1 February 2007                                                             
                                                                                
Sponsor                                                                     
    Standard Bank                                                               
                                                                                
    AIM nominated advisor                                                       
Noble & Company Limited                                                     
Date: 01/02/2007 11:30:02 Produced by the JSE SENS Department.
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