IFC - Ifca Technologies Limited - Changes to the board of directors

IFC - Ifca Technologies Limited - Changes to the board of directors             
IFCA TECHNOLOGIES LIMITED                                                       
Incorporated in the Republic of South Africa                                    
(Registration number 2006/030759/06)                                            
Share code: IFC ISIN: ZAE000088555                                              
("IFCA" or "the Company")                                                       
CHANGES TO THE BOARD OF DIRECTORS                                               
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited,  
the board of directors of IFCA ("the Board") hereby notifies its shareholders   
that, with effect from 30 June 2011:                                            
Mr Mike Gahagan ("Mike") has resigned as an independent non-executive director  
and the chairman of the audit committee; and                                    
Mr Noel Doyle ("Noel") has been appointed as an independent non-executive       
director and the chairman of the audit committee.                               
The Board would like to thank Mike for his dedicated service and contribution to
the Company.                                                                    
Noel, who qualified as a Chartered Accountant in Ireland in 1988, is a Fellow of
the Institute of Chartered Accountants in Ireland and a CA (SA). Following six  
years with PricewaterhouseCoopers specialising in Financial Services and        
Hospitality, and three years with Southern Sun Hotels, in 1998 Noel joined Tiger
Brands Limited and after serving in various General Mangement and Financial     
roles he joined the Board of Tiger Brands Limited in 2005 following his         
appointment as Chief Financial Officer. He has also served on the boards of     
Oceana Group Limited, Sea Harvest Corporation (Proprietary) Limited, and Chilean
based company, Empressas Carozzi. Noel is currently the Chief Executive Officer 
of Nando`s Southern Africa.                                                     
The Board welcomes Noel and looks forward to his contribution to the Company.   
Johannesburg                                                                    
1 July 2011                                                                     
Designated Adviser                                                              
Merchantec Capital                                                              
Date: 01/07/2011 12:30:01 Supplied by www.sharenet.co.za                     
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