FRT - Faritec - Application For Liquidation Of Faritec

FRT - Faritec - Application For Liquidation Of Faritec                          
Faritec Holdings Limited                                                        
(Registration number 1998/004872/06)                                            
Share code: FRT                                                                 
ISIN: ZAE000016838                                                              
("Faritec" or "the Company")                                                    
APPLICATION FOR LIQUIDATION OF FARITEC                                          
Shareholders are referred to the announcement dated 30 April 2010 advising      
shareholders of the suspension in the trading of Faritec shares and the previous
cautionary announcements (the last of which was dated 26 April 2010) in relation
to the steps that Faritec was taking to address its financial difficulties.     
Shareholders are advised that despite the efforts of the company, Faritec has   
not been successful in raising the necessary funds to implement their turnaround
strategy.                                                                       
Accordingly Faritec, in its capacity as a creditor of Faritec Enterprise        
Solutions (Pty) Ltd ("Faritec Enterprise Solution") has filed for the           
liquidation of Faritec Enterprise Solutions, Faritec`s wholly owned operating   
subsidiary.                                                                     
Shareholders will be advised of further developments as they arise.             
11 May 2010                                                                     
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 11/05/2010 16:49:02 Supplied by www.sharenet.co.za                     
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