Malaysian Court Finds in Favour of IPSA

17 April 2015

IPSA GROUP PLC

("IPSA" or "the Company")

Malaysian Court Finds in Favour of IPSA

IPSA Group PLC (AIM: IPSA), the developer, owner and operator of power generation capacity in southern Africa, is delighted to announce that the appeal of Iris Ecopower Sdn Berhad ("Iris") was dismissed this morning in the Malaysian Court of Appeal. The Court also awarded costs in favour of IPSA. This is the second time in which the Malaysian courts have found in favour of IPSA in the previously reported dispute in relation to the non- refundable deposit paid by Iris for the purchase of turbines that Iris failed to complete. On 25 March 2014 the Malaysian High Court accepted an application by IPSA that the Malaysian courts should not have jurisdiction over the claim brought by Iris as previously announced on 21 November 2013. Iris has 30 days in which to make a final appeal to Malaysia's federal court.

Speaking today in London, Peter Earl, Acting CEO of IPSA, said. "I am very pleased that the Malaysian courts have yet again dismissed the Iris claim. This is an important victory for IPSA."

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