20 October2015

IPSA, the AIM and Altx dual listed independent power plant developer with operations in Southern Africa, announces that Sterling Trust Limited, which holds 31,794,105 million shares in the capital of the Company being 29.57 per cent of the issued share capital was placed in administration yesterday. Christopher Benjamin Barrett and John Allan Carpenter of Dow Schofield Watts Business Recovery LLP have been appointed administrators of Sterling Trust Limited.

For further information please contact:

Mark Otto, Acting CEO
IPSA Group PLC +44 (0) 7793 5615

James Joyce / Liam Gribben
W H Ireland Ltd
+44 (0)20 7220 1666

Riaan van Heerden,
PSG Capital (Pty) Ltd
+27 (0)21 887 9602

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