IPL Inc.

IPL Inc.

March 22, 2006 08:30 ET

IPL Announces a Change in Management

SAINT-DAMIEN, QUEBEC--(CCNMatthews - March 22, 2006) - IPL Inc. (TSX:IPI.MV.A), one of North America's leading manufacturers of plastic products, announces the departure today of Frederic Cote, who held the position of Vice President, Finance and Administration and Chief Financial Officer. Serge Bragdon, President and Chief Executive Officer of IPL Inc., will take over the financial management of the Company on an interim basis.

"I sincerely thank Frederic for the dedication he has shown to the Company over the past few years," Mr. Bragdon stated.

About IPL

IPL Inc. is one of the leading North American producers of moulded plastic products through injection and extrusion for different industrial manufacturing sectors. IPL employs more than 1,000 people in its four plants located in Saint-Damien, Saint-Lazare and Lawrenceville (Quebec), and Edmundston (New Brunswick). The Company manufactures and markets over 400 products for packaging and materials handling. IPL also provides highly technical value-added custom moulding services for the automotive and transport industries, as well as for various industrial uses. Further information about IPL is available at www.ipl-plastics.com.

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