Pro Forma Effects update on Acquisition of Applemint Properties 116 (Pty) Ltd Sherbourne Capital Limited (Previously trading as IFCA Technologies Limited) Incorporated in the Republic of South Africa (Registration number 2006/030759/06) Share code: SHB (Suspended) ISIN: ZAE000165403 ("SHB" or “the Company”) PRO FORMA EFFECTS UPDATE ON ACQUISITION OF APPLEMINT PROPERTIES 116 (PTY) LTD Shareholders are referred to the SENS announcement dated 22 April 2013 on acquisition by Sherbourne of a 100% stake in Applemint Properties 116 (Pty) Ltd from 1886 Holdings (Pty) Ltd (“the acquisition”), and the renewal of cautionary where it was stated that in compliance with paragraph 9.15 of the JSE Limited Listings Requirements, pro forma financial effects must be disclosed to provide information on the impact of the acquisition on Sherbourne’s reported financial statements. Shareholders are advised that Sherbourne is in the process of finalising their audited financial results for year ended 31 December 2012 and wish to release the Pro Forma effects of the acquisition based on these figures. Sherbourne will therefore release the Pro Forma effects after the audited financial results are released on SENS. Sandton 30 April 2013 Designated Adviser: Bridge Capital Advisors (Pty) Limited Date: 30/04/2013 05:30:00 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.