Notification of Adjournment of Iris Appeal 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") Notification of Adjournment of Iris Appeal IPSA, the AIM and Altx dual listed independent power plant developer with operations in Southern Africa, announces that Iris Ecopower Sdn Berhad (“Iris”) has requested an adjournment of its application for leave to appeal the earlier decisions of the Malaysian courts refusing jurisdiction of the Malaysian courts over the case over the non-refundable deposit for the failure of Iris to complete the purchase of turbines in 2012. A new date of 3rd February 2016 has been set for the hearing. The Company further confirms that site construction activities relating to the installation of the Jenbacher engines have commenced, with the scheduled commercial operation date now expected to be February 2016 as a result of unexpected delays in the construction programme. For further information please contact: Mark Otto, Acting CEO +44 (0) 7793 5615 IPSA Group PLC James Joyce / Liam Gribben +44 (0)20 7220 1666 W H Ireland Ltd Riaan van Heerden, +27 (0)21 887 9602 PSG Capital (Pty) Ltd Date: 05/11/2015 02:00:00 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.