Claim by Iris Eco Power Sdn Berhad

25 March 2014

IPSA Group PLC

("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.

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