Update on Arkein acquisition and suspension of securities Sherbourne Capital Limited (Previously trading as IFCA Technologies Limited) Incorporated in the Republic of South Africa (Registration number 2006/030759/06) Share code: SHB ISIN: ZAE000165403 ("Sherbourne" or “the Company”) Announcement regarding the proposed acquisition of 51% of Arkein International Limited Shareholders are referred to the previous announcement, dated 18 October 2012 in which they were advised that, subject to the fulfilment of certain conditions precedents, Sherbourne had entered into an agreement in terms of which Sherbourne would acquire 51% of the issued ordinary share capital of Arkein International Limited (“the transaction”). Sherbourne hereby advises shareholders that the parties have mutually agreed not to proceed with the transaction, thus resulting in Sherbourne remaining a cash shell in terms of paragraph 3.26 of the JSE LR. Suspension of trading Shareholders are advised that Sherbourne became a cash shell on 5 June 2012 after the disposal of IFCA sWare became unconditional. Subsequent to the Arkein acquisition not being successfully concluded for reasons stated above, the JSE has notified Sherbourne that the trading of its securities has been suspended with effect from 5 March 2013 until such time that a signed agreement is concluded for an acquisition of an asset. However, shareholders will be notified shortly of an alternative concluded development in this regard following consultation with the JSE. Sandton 5 March 2013 Designated Adviser: Bridge Capital Advisors (Pty) Ltd Date: 05/03/2013 08:28:00 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.