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Thu 15 Mar 2007, 14:30 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                                                            
JSE Share Code: IPS             JSE 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 the following notifications on 14 March 2007, pursuant to the Company`s
placing for cash of 10,000,000 ordinary shares of 2p each on 8 March 2007:      
Morgan Stanley Securities Limited ("MSSL") has an interest in 2,805,000 ordinary
shares of 2p each in the Company, representing 3.68% of the issued share capital
of the Company.                                                                 
The Company announced on 22 February 2007 that MSSL had 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.                                                   
FMR Corp. ("FMR") has an interest in 2,134,605 ordinary shares of 2p each in the
Company, representing 2.80% of the issued share capital of the Company.         
The Company announced on 30 October 2006 that FMR 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.                                                   
For further information please contact:                                         
Peter Earl, CEO, IPSA Group plc         020 7793 7676                           
15 March 2007                                                                   
Sponsor                                                                         
Standard Bank                                                                   
Date: 15/03/2007 14:30:01 Produced by the JSE SENS Department.                  
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