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IFC - IFCA Technologies Limited - IFCA Tech secures USD100 million capital finance facility 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") IFCA TECH SECURES USD100 MILLION CAPITAL FINANCE FACILITY IFCA Tech is pleased to announce that it has successfully negotiated and signed a USD100 million Special Private Placement Agreement ("SPPA") with Singapore based investment fund Equity Partners Fund SPC ("Equity Partners Fund"). Any new IFCA Tech shares issued in terms of the facility will be issued in terms of IFCA Tech `s general authority to issue shares for cash in terms of the JSE Listings Requirements approved by shareholders at the last Annual General Meeting on 2 August 2010, although it is intended that specific authority to issue shares for cash over the next three years will be requested in a circular to shareholders, that will also contain details of various acquisitions that are currently being negotiated by IFCA Tech, details of which will be announced in due course. About IFCA Technologies Limited IFCA Technologies Limited is in the process of changing its investment strategy to providing financial services and treasury functions to facilitate the funding and development of (i) Mining; (ii) Property; and (iii) Construction opportunities. IFCA has managed to successfully secure a foreign equity draw down facility, which will enable it to invest in several exciting new projects and business ventures. It is envisaged that the corporate name will be changed imminently to reflect the new business strategy. The composition of the IFCA Board will accordingly be changed over time in order to adequately represent the interests of the underlying investments. "The three focus areas represent growth and value creation opportunities, as well as being sectors aligned with government strategy in terms of investment and Job creation" said Colin Clarke, Chairman of IFCA Technologies. About Equity Partners Fund SPC The Equity Partners Fund focuses on equity investments in public companies with market capitalizations under $1 billion. The fund will invest in all sectors including infrastructure, manufacturing, construction, mining, communications, healthcare and finance. Fund spokesperson Bruce Nelson says, "The fund is considered a private fund run by its principals, similar to a merchant bank that invests its own capital. Equity Partners Fund is able to act quickly and is flexible when it comes to structuring an investment." Johannesburg 17 February 2011 Designated Advisor Arcay Moela Sponsors (Pty) Limited Date: 17/02/2011 08:42:01 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.
