Holding(s) in Company

24 March 2011

IPSA Group PLC

("IPSA" or the "Company")

Notifiable Interest

Further to the Company's announcement on 25 February 2011, in connection with IPSA's placing to raise £1 million, IPSA announces that it received formal notification on 23 March 2011 that Sterling Trust Limited acquired 10 million ordinary shares of 2p each in the Company ("Ordinary Shares") on 3 March 2011.

As a result, Sterling Trust Limited holds an interest in 31,694,105 Ordinary Shares, representing 29.48% of the issued share capital of the Company.

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