IPSA Group PLC (AIM:IPSA), the developer, owner and operator of power generation capacity in southern Africa, notes the recent movement in its share price and advises shareholders that the situation in relation to the sale of the two turbines to Iris Eco Power Sdn BHD ("Iris") remains the same as described in the announcement dated 18 December 2012: an extension was requested by Iris in December 2012 which the Company's principal creditors have not yet given their consent to formalise.  In the meantime, Iris continues to make efforts to complete the purchase of the turbines as planned.  

A further announcement will be made as and when appropriate.

For further information contact:

Phil Metcalf, CEO

IPSA Group PLC

+44 (0)20 7793 5615

John Llewellyn-Lloyd / Harry Stockdale

Execution Noble & Company Ltd

+44 (0)20 7456 9191

Harry Ansell / James Joyce

W H Ireland Ltd

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