Substantial Shareholding

IPSA Group PLC

("IPSA" or "the Company")

Substantial Shareholding

IPSA Group PLC (AIM: IPSA), the developer, owner and operator of power generation capacity in Southern Africa, announces that, on 17 June 2010, Sterling Trust Limited ("Sterling Trust") acquired 5,010,000 ordinary shares of the Company ("Ordinary Shares") in an off-market transaction at 12p per Ordinary Share, equating to 5.27% of the issued share capital.

Taken together with its acquisition of 6,125,000 Ordinary Shares announced on 17 June 2010, Sterling Trust now owns 11,135,000 Ordinary Shares, equating to 11.72% of the issued share capital of the Company.

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