Result of AGM

3 October 2014

IPSA Group PLC

("IPSA" or "the Company")

Result of AGM

IPSA PLC (AIM: IPSA), the developer, owner and operator of power generation capacity in Southern Africa, announces that resolutions 1 to 7 put to shareholders at the Company's Annual General Meeting ("AGM") held earlier today were duly passed

Voting on each Resolution was as follows:

Resolution 1: 100 per cent in favour out of the votes cast being 39,058,122 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 2: 100 per cent in favour out of the votes cast being 39,058,122 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 3: 100 per cent in favour out of the votes cast being 39,058,122 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 4: 100 per cent in favour out of the votes cast being 39,058,122 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 5: 100 per cent in favour out of the votes cast being 39,058,122 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 6: 99.99 per cent in favour out of the votes cast being 39,058,122 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 7: 99.99 per cent in favour out of the votes cast being 39,058,122 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.  

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