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Thu 22 Feb 2007, 10:30 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     ISIN: GB00B0CJ3F01                                     
JSE Share Code: IPS      ISIN: GB00B0CJ3F01                                     
IPSA Group PLC ("IPSA" or "the Company")                                        
Notifiable Interest                                                             
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 it   
received notification on 19 February 2007 that on 16 February 2007 Morgan       
Stanley Securities Limited ("MSSL") has an interest in 2,805,000 ordinary shares
of 2p each in the Company, representing 4.24% of the issued share capital of the
Company.                                                                        
On 13 December 2006 MSSL had an interest in 2,530,000 ordinary shares of 2p each
in the Company, representing 3.83% of the issued share capital of the Company.  
22 February 2007                                                                
For further information please contact:                                         
Peter Earl, CEO, IPSA Group plc    020 7793 7676                                
Sponsor                                                                         
Standard Bank                                                                   
AIM nominated advisor                                                           
Noble & Company Limited                                                         
Date: 22/02/2007 10:30:00 Produced by the JSE SENS Department.
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