Total Voting Rights

31 March 2011

IPSA Group PLC

("the Company")

Total Voting Rights

Following the admission of 12.5 million new ordinary shares of 2 pence each (Ordinary Shares) to trading on AIM on 3rd March 2011, the Company confirms that the enlarged share capital consists of 107,504,081 Ordinary Shares with voting rights.

None of these Ordinary Shares is held in Treasury. Therefore the total number of voting rights in the Company is 107,504,081.

The above figure (107,504,081) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, share capital of the Company under the Disclosure and Transparency Rules.

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