IPL Inc.
TSX : IPI.A

IPL Inc.

April 24, 2009 16:30 ET

IPL Announces Departure of a Director

SAINT-DAMIEN, QUEBEC--(Marketwire - April 24, 2009) - IPL Inc. (TSX:IPI.A), one of North America's leading manufacturers of plastic products, announces the resignation of Mr. Andre C. Sarasin as Director of the Company. Mr. Sarasin had been on IPL's Board of Directors since February 2003 and was also a member of the Company's Human Resources, Remuneration and Governance Committee. His resignation is effective immediately and a successor will be named within the most appropriate time frame.

"We sincerely thank Andre C. Sarasin for his commitment to IPL and for his judicious advice over the past six years," mentioned Julien Metivier, Chairman of the Board of Directors of IPL. "We wish Mr. Sarasin all the best in his future endeavours."

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 close to 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 the packaging, materials handling and environment sectors. 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.

Forward Looking Statements

With the exception of historical information, this press release may contain declarations of a speculative nature with regard to the Company's future performance. These are made based on assumptions, uncertainties and management's best estimates with regard to future events, and are subject to certain risks factors. Such factors might include, but are not limited to, fluctuations in quarterly results, changes in customer demand for the Company's services and the impact of competitive price pressures, as well as general market trends and changing economics. Consequently, readers are advised that actual results may be different than expected results.

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