IFC - IFCA Technologies Limited - Renewal of cautionary announcement and further

IFC - IFCA Technologies Limited - Renewal of cautionary announcement and further
update to the mandatory offer, disposal of IFCA Software Proprietary Limited and
acquisition                                                                     
IFCA TECHNOLOGIES LIMITED                                                       
Incorporated in the Republic of South Africa                                    
(Registration number 2006/030759/06)                                            
Share code: IFC     ISIN: ZAE000088555                                          
("IFCA" or "the Company")                                                       
RENEWAL OF CAUTIONARY ANNOUNCEMENT AND FURTHER UPDATE TO THE MANDATORY OFFER,   
DISPOSAL OF IFCA SOFTWARE PROPRIETARY LIMITED AND ACQUISITION OF THIRD WAVE     
DIVING AND TRAVEL PROPRIETARY LIMITED                                           
Renewal of cautionary announcement                                              
Further to the cautionary announcement dated 3 March 2011, and the subsequent   
renewal of cautionary announcements, the last of which was dated 28 October     
2011, shareholders are advised that numerous negotiations are still in progress,
which if successfully concluded, may have a material effect on the price of the 
Company`s securities.                                                           
Accordingly, shareholders are advised to continue exercising caution when       
dealing in the Company`s securities, until a further announcement is made.      
Further update to the mandatory offer, Disposal of IFCA Software Proprietary    
Limited and Acquisition of Third Wave Diving and Travel Proprietary Limited     
Further to the announcement released on SENS on 1 November 2011 and using the   
terms defined therein unless otherwise stated, shareholders are hereby provided 
with a further update thereto.                                                  
Shareholders are advised that the Circular, containing full details of, inter   
alia, the mandatory offer, the IFCA sWare Disposal and the Third Wave           
Acquisition, as well as a notice to convene a general meeting of IFCA           
shareholders in order to consider and, if deemed fit to pass, with or without   
modification, the resolutions necessary to approve and implement, inter alia,   
the Corporate Actions, is still in the process of being finalised. The Board    
expects to finalise and distribute the Circular around February 2012.           
Shareholders will be kept updated with regards to the actual expected date of   
distribution of the Circular.                                                   
9 December 2011                                                                 
Designated Adviser                                                              
Merchantec Capital                                                              
Date: 09/12/2011 17:10:01 Supplied by www.sharenet.co.za                     
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