IPSA GROUP PLC - Death of CEO

Death of CEO

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")

Death of CEO

IPSA Group PLC (AIM: IPSA), is saddened to announce the
sudden death on Tuesday of Phil Metcalf, CEO of the Company
since September 2011.

“On behalf of the Company, I would like to express our
appreciation for the contribution Phil has made. He was a
leader of integrity and honesty, who was dedicated to his
work and will be difficult for us to replace. He will be
greatly missed”, commented Richard Linnell, Chairman of 
the Board.

In the interim period, Peter Earl has agreed to take on the
role of Acting CEO. A further announcement will be made in
due course.

For further information contact:

Peter R.S. Earl, Acting CEO        +44 (0)20 7793 5615
IPSA Group PLC

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

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

London
13 November 2014

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