IFC - IFCA Technologies Limited - Change to the board of directors

IFC - IFCA Technologies Limited - Change 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")                                                       
CHANGE 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 Mr Khanya Motshabi ("Khanya") has been appointed as an independent non-    
executive director with effect from 5 July 2011.                                
Khanya is the Managing Director of Equillore Group. He has had a varied career  
spanning seventeen years in businesses such as life assurance, asset management,
private equity and empowerment finance. He has acted as Assistant General       
Manager of Southern Life and served as Chief Executive Officer of Futuregrowth  
and the National Empowerment Fund, of which he was a founding member. Khanya has
also served on the boards of companies operating in employee benefits, asset    
management, banking and securities exchange.                                    
The Board welcomes Khanya and looks forward to his contribution to the Company. 
Johannesburg                                                                    
5 July 2011                                                                     
Designated Adviser                                                              
Merchantec Capital                                                              
Date: 05/07/2011 12:00:01 Supplied by www.sharenet.co.za                     
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