IPSA Group PLC                               

("IPSA" or "the Company")

Result of AGM and Change of Directorate

IPSA PLC (AIM: IPSA), the developer, owner and operator of power generation capacity in Southern Africa, announces that at the Company's AGM held today all resolutions were approved by shareholders.

As previously announced to shareholders, Stephen Hargrave stepped down from the Board at the conclusion of the AGM. The Directors thank him for the great help he has provided during his period as Chairman and wish him well in future endeavours.

The Company is finalising the appointment of his successor as Chairman and a further announcement will be made in due course.

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