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IPSA GROUP PLC - Outcome Of Hearing In Malaysia

Release Date: 04/02/2016 12:00
Code(s): IPS     PDF:  
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Outcome Of Hearing In Malaysia

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")


                          Outcome of Hearing in Malaysia

IPSA announces that the adjourned hearing took place yesterday in the Federal Court
of Malaysia of the final appeal brought by Iris Eco Power Sdn Berhad (“Iris”) to allow
the Malaysian courts to have jurisdiction over the case for the return of the non-
refundable deposit paid in Iris’s aborted purchase of the two 701DU turbines. Iris’s
appeal was rejected bringing to a close any further attempts by Iris to seek jurisdiction
in the Malaysian courts over the case for the return of the deposit, which was non-
refundable under English law.

4 February 2016

                           For further information contact:

Mark Otto, Acting CEO                                +27 (84) 219 2000
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.

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