Correction : Director's Dealing

CORRECTION ANNOUNCEMENT: DIRECTOR'S DEALING

The following amendment has been made to the Director's Dealing' announcement released on 26 March 2014 at 09:00 under RNS No 2181D.

The word 'Rurelec' in the second paragraph has been replaced by 'the Company'.

All other details remain unchanged.

The full amended text is shown below.

26 March 2014

IPSA Group PLC

("IPSA" or "the Company")

Director's Dealing

IPSA Group PLC (AIM: IPSA), the developer, owner and operator of power generation capacity in Southern Africa, has been notified that on Friday 21 March 2014 Peter Earl, a non-executive director, transferred 250,000 ordinary shares of two pence ("Ordinary Shares") each in the Company to his Self-Invested Personal Pension (SIPP) at a price of 3.25 pence per share.

As a result of this transaction Peter Earl's holding remains unchanged at 250,000 Ordinary Shares which represent approximately 0.23% of the Company's issued share capital.

The total number of IPSA securities in issue is 107,504,081 for the purpose of voting rights.

- Ends -

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