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In the press

Sourcelink Pharma delivers turnkey solutions in AFRICA

MARCH 14, 2011 (SINGAPORE) Singapore based Sourcelink Pharma Pte Ltd today announced a joint venture with the Investment Fund for Health in Africa ("IFHA"), a Netherlands based private equity fund, to deliver end-to-end turnkey project management solutions for state-of-the-art medical disposables manufacturing facilities in AFRICA.

The first project involved the setting up of a medical disposables manufacturing plant in Johannesburg, South Africa and is expected to be up and running by Q2 this year. Under this turnkey project management agreement with IFHA, Sourcelink Pharma will provide best-in-class management expertise and technology transfer in fully automated production of high quality medical disposables including medical grade surgical masks, impervious protective gowns, disposable pillow cases and bed linens.

As part of Sourcelink Group’s overall strategy to establish South Africa as the transit center for its medical disposables distribution, this venture represents one of the key initiatives for IFHA to expand its network in the development and provision of high quality healthcare services and products in Africa. In the pipeline, the JV have plans for additional manufacturing facilities for similar medical disposables possibly in Cape Town and other African countries eg. Kenya and Botswana, with investments, spanning over a period of 3 years, from an initial amount of US$3.5M up to US$15M.

Ms Heather Sherwin, Investment Manager of IFHA, commented, "Combining the complementary expertise and capabilities of IFHA and Sourcelink, this joint venture underscores our shared vision for strategic growth which will accelerate the development and provision of innovative healthcare services and products in Africa."

"This turnkey project is a strong validation of our manufacturing, engineering and logistics management capabilities in delivering optimal solutions and we are in a unique position to showcase Singapore brand of healthcare and management with the set-up of medical disposables manufacturing plants overseas. We look forward to a good partnership with IFHA which will undoubtedly bring us expanded market opportunities," said Mr Delvin Khong, Senior Vice President of Sourcelink Pharma Pte Ltd.

ABOUT SOURCELINK PHARMA

Sourcelink Pharma,, a manufacturing arm of Sourcelink Group, is a market leader in medical disposables and is currently Singapore’s one and only fully automated production facility for high quality medical disposables including medical grade surgical masks, impervious protective gowns, disposable pillow cases and bed linens.

With ISO 9001:2008 and ISO 13485 accredited manufacturing and engineering capabilities in high quality medical disposables, Sourcelink Pharma offers the whole suite of turnkey expertise in turnkey project consultancy services, providing total solutions for facilities setup including operations management to equity funding.

ABOUT IFHA

The Investment Fund for Health in Africa (“IFHA” or the “Fund”) is a Netherlands based private equity fund established in February 2007. IFHA’s investment policy is focused on providing longterm capital to companies that are active in health care in Africa. The Fund’s investments focus on sub-sectors such as health insurance and health administration, pharmaceutical distribution and retail, pharmaceutical production, hospitals, laboratories, and other healthcare providers.

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