Director Shareholding

IFX Power PLC
24 August 2001

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    IFX POWER PLC

2)  NAME OF DIRECTOR

    DUNCAN PENNY

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

    OF PERSON NAMED IN 2

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

    DUNCAN PENNY  50,000
    SPOUSE        50,000

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    GRANT OF OPTIONS
    
7)  Number of shares/amount of
    stock acquired

    

8)   (N/A %)
    of issued Class



9)  Number of shares/amount
    of stock disposed



10)  ( N/A %)
    of issued Class



11) Class of security

    1p ORDINARY SHARE

12) Price per share

    N/A

13) Date of transaction

    N/A

14) Date company informed

    N/A

15) Total holding following this notification

    100,000

16) Total percentage holding of issued class following this notification

    0.47%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

    24 AUGUST 2001

18) Period during which or date on which exercisable

    24 AUGUST 2003

19) Total amount paid (if any) for grant of the option

    NONE

20) Description of shares or debentures involved: class, number.

    25,000 1p ORDINARY SHARES

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

    £1.15

22) Total number of shares or debentures over which options held
    following this notification

    25,000

23) Any additional information

    SHARES GRANTED FROM COMPANY'S ESOP TRUST

24) Name of contact and telephone number for queries

    DUNCAN PENNY - 0118-976-5086

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification   24 AUGUST 2001