IPS - IPSA Group Plc - Change in Repayment Date of Loan Notes and adjustment of

IPS - IPSA Group Plc - Change in Repayment Date of Loan Notes and adjustment of 
warrant price                                                                   
IPSA GROUP PLC                                                                  
(Incorporated and registered in England and Wales)                              
(Registration Number 5496202)                                                   
AIM Share Code IPSA   ISIN GB00BOCJ3F01                                         
JSE Share Code IPS    ISIN GB00BOCJ3F01                                         
("IPSA" or "the company")                                                       
Change in Repayment Date of Loan Notes and adjustment of warrant price          
IPSA Group PLC (AIM:IPSA), the developer, owner and operator of power generation
capacity in Southern Africa, announces that that the repayment date of its      
outstanding issue of GBP650,000 of nominal value of Loan Notes, together with   
accrued interest, which were issued to RAB Energy Fund Limited and certain other
investors on 5 March 2010, has been extended to 31st July 2011.                 
As part of the extension negotiations, the Company has agreed to re-set the     
exercise price of the warrants to 13.5 pence per ordinary share and, as a result
of the extension of the Repayment Date, the exercise period now ends on 31st    
January 2014.                                                                   
No other amendments to either the Loan Note Instrument or the Warrant Instrument
have been made.                                                                 
The Company intends to repay the Loan Notes either from a re-financing of IPSA`s
wholly owned power generation subsidiary, Newcastle Cogeneration ("NewCogen") or
out of the proceeds of the sale of the 701 D turbines.  The directors are       
satisfied that progress is being made on both matters.                          
For further information contact:                                                
Peter Earl, CEO, IPSA Group PLC   +44 (0)20 7793 5615                           
John Llewellyn-Lloyd / Harry Stockdale, Execution Noble & Company Ltd    +44    
(0)20 7456 9191                                                                 
Sponsor: PSG Capital (Pty) Ltd   Riaan van Heerden +27 (0)21 887 9602           
London                                                                          
9 May 2011                                                                      
Date: 09/05/2011 14:16:41 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.