IPSA GROUP PLC - Claim by Iris Eco Power Sdn Berhad

Claim by Iris Eco Power Sdn Berhad

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")

Claim by Iris Eco Power Sdn Berhad

IPSA Group PLC (AIM: IPSA), the developer, owner and operator
of power generation capacity in southern Africa, announces
that at a court hearing in Malaysia today, the court accepted
an application by IPSA that the Malaysian courts should not
have jurisdiction over the claim brought by Iris Ecopower Sdn
Berhad (“Iris”) as previously announced on 21 November 2013.
Iris has thirty days in which to make an application for leave
to appeal the matter in the Malaysian Court of Appeal. The
Court also awarded the costs in favour of IPSA.

For further information contact:


Phil Metcalf, CEO                    +44 (0)20 7793 5615
IPSA Group PLC

James Joyce / Nick Field             +44 (0)20 7220 1666
W H Ireland Ltd

Riaan van Heerden,                   +27 (0)21 887 9602
PSG Capital (Pty) Ltd


London
25 March 2014

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