IPL Inc.

IPL Inc.

August 29, 2007 09:34 ET

Normal Course Issuer Bid for IPL Inc.

SAINT-DAMIEN, QUEBEC--(Marketwire - Aug. 29, 2007) - IPL Inc. (TSX:IPI.A), one of North America's leading manufacturers of plastic products, announced this morning that it has received the approval from the Toronto Stock Exchange to launch its normal course issuer bid program. The program allows the purchase, for cancellation purposes, of a maximum of 250,000 multiple voting shares, representing 1.72% of the 14,543,446 multiple voting shares issued and outstanding as at August 21, 2007. By virtue of this program, a maximum daily repurchase of 1,587 multiple voting shares can be made. Purchases will be made on the open market through the facilities of the Toronto Stock Exchange between August 31, 2007 and August 30, 2008. IPL's Board of Directors believes such purchases represent an appropriate use of the Company's funds.

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 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 diffferent than expected results

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