African Medical Investments Plc. : 27 September 2011 - Completion of equity subscription

African Medical Investments plc / Index: AIM / Epic: AMEI / Sector: Healthcare

27 September 2011

African Medical Investments plc (‘African Medical’ or ‘the Company’) Completion of Equity Subscription

African Medical Investments plc, the AIM listed company operating in the African healthcare sector, announces that further to its announcement of 5 July 2011, it will complete its US$2 million fundraising by the issue of 61,707,130 new ordinary shares (‘the Subscription Shares’) on 28 September 2011.

Application has been made for the Subscription Shares to be admitted to trading on AIM with effect from 28 September 2011 and on admission the Subscription Shares, which will rank pari passu in all respects with the existing issued ordinary shares of the Company, will be issued to Matibabu Holdings Limited, a company in which the Company’s CEO, Peter Botha, is interested through a discretionary trust, the beneficiaries of which include Mr. Botha and members of his family.

Following admission of the Subscription Shares to trading on AIM, the total number of ordinary shares in issue is will be 322,233,871. Following admission Mr. Botha will be interested in 19.1% of the Company’s total issued share capital and consequently Harbinger Capital Partners Master Fund I, Ltd.’s interest in the Company will be reduced to 43.6% of the Company’s total issued share capital.

** ENDS **

For further information please visit www.amiplc.com or contact:

Andrew Groves	African Medical Investments Plc	Tel: [phone]
Jonathan Wright	Seymour Pierce Ltd	Tel: [phone]
David Foreman	Seymour Pierce Ltd	Tel: [phone]
Nick Stone	Matrix Corporate Capital	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]
Susie Geliher	St Brides Media & Finance Ltd	Tel: [phone]

Notes

African Medical Investments plc (AIM: AMEI) provides international standard healthcare through private hospitals across Africa, targeting the expanding African middle classes and the expatriate, non-governmental organisations, diplomatic and tourist markets. The Company currently owns and operates private hospitals in Dar es Salaam, Maputo and Harare, in addition to a dedicated air ambulance service.

The Company is focussed on expanding its portfolio of medical facilities through the roll out of additional private hospitals across Africa to cater for the increased demand for quality healthcare.