IFC - IFCA - Change in function of Directors

IFC - IFCA - Change in function 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 IN FUNCTION 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 Zacharias Johannes van Niekerk ("Sagie"), currently a non-executive     
director, has been appointed as an executive director and Chief Executive       
Officer of the Company, replacing Mr Anthony Mark Barnard ("Anthony") who       
retains an executive function, with effect from 15 July 2011.                   
The Board would like to thank Anthony for his contribution as Chief Executive   
Officer and looks forward to his continued contribution as an executive director
of IFCA.                                                                        
The Board wishes Sagie well in his new role as Chief Executive Officer.         
Johannesburg                                                                    
15 July 2011                                                                    
Designated Adviser                                                              
Merchantec Capital                                                              
Date: 15/07/2011 08:50:01 Supplied by www.sharenet.co.za                     
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