IFC - IFCA Technologies Limited - Update on board restructure

IFC - IFCA Technologies Limited - Update on board restructure                   
IFCA TECHNOLOGIES LIMITED                                                       
Incorporated in the Republic of South Africa)                                   
(Registration number 2006/030759/06)                                            
Share code: IFC     ISIN: ZAE000088555                                          
("IFCA Tech" or "the company")                                                  
UPDATE ON BOARD RESTRUCTURE                                                     
Shareholders are referred to the announcement published on SENS on 26 January   
2011 and are advised that Mr Ian Jeremy Jones` resignation as Chief Executive   
Officer was received on 26 January 2011 with effect from 01 February 2011.      
The appointment of Mr Anthony Barnard to the position of Chief Executive Officer
as opposed to acting Chief Executive Officer as stated in the previous SENS     
announcement is thus effective from 01 February 2011.                           
Johannesburg                                                                    
04 February 2011                                                                
Designated Advisor                                                              
Arcay Moela Sponsors                                                            
(Proprietary) Limited                                                           
Date: 04/02/2011 17:23:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.