Director/PDMR Shareholding

Rurelec PLC
30 July 2007


                     Rurelec PLC - Director's Shareholding


Rurelec PLC ('Rurelec' or 'the Company'), the owner and developer of power
plants in Latin America, announces that its Managing Director, Peter Earl, has
today sold 9,302,721 Ordinary shares in the Company to Independent Power
Corporation PLC ('IPC') at a price of 55 pence per share.  This shareholding
represents 12.69 per cent. of the issued share capital of Rurelec.

IPC is 99.9 per cent. owned by Peter Earl.

At the same time IPC has agreed to acquire a further 1,500,000 Ordinary shares
in Rurelec from Secteur Holdings Limited, also at 55 pence per share.  This
purchase will take IPC's total shareholding in Rurelec to 14.74 per cent. of the
issued share capital of Rurelec.

IPC is a developer and operator of power plants worldwide.  Since 1996 it has
owned, operated or developed over 4,000 MW of power generation capacity.  Today
it has some 2,000 MW of thermal and hydro-electric power projects in Indonesia,
Holland, Nepal and the former Soviet Union and is short-listed for third party
management contracts in Kazakstan and Pakistan having previously operated
gas-fired power generation units in Latin America for a subsidiary of BP.

IPC has acquired its shareholding in Rurelec as part of a move to increase its
capital base while at the same taking stakes in regional power companies.


Peter Earl
Managing Director                                  Tel.       [phone]
Rurelec PLC


Nominated Adviser:

Daniel Stewart & Company plc                       Tel.       [phone]
Stewart Dick



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