Outcome of Hearing in Malaysia

IPSA Group PLC

("IPSA" or the "Company")

Outcome of Hearing in Malaysia 

IPSA announces that the adjourned hearing took place yesterday in the Federal Court of Malaysia of the final appeal brought by Iris Eco Power Sdn Berhad ("Iris") to allow the Malaysian courts to have jurisdiction over the case for the return of the non-refundable deposit paid in Iris's aborted purchase of the two 701DU turbines. Iris's appeal was rejected bringing to a close any further attempts by Iris to seek jurisdiction in the Malaysian courts over the case for the return of the deposit, which was non-refundable under English law.

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