African Medical Investments Plc. : Update on Financial Position

African Medical Investments plc / Index: AIM / Epic: AMEI / Sector: Healthcare
15 February 2013

African Medical Investments plc

("African Medical" or the "Company")

Update re. financial position

African Medical Investments plc (AIM:AMEI), the AIM listed company operating in the African healthcare sector, announces that the Company is in advanced stages of agreeing a financing solution with short-listed potential new investors which is needed to secure its future capital requirements.
In the interim, the Company has secured additional debt funding to meet its short term working capital requirements.
African Medical Chief Executive Officer, Peter Botha said, "Whilst working capital remains very tight at the moment, the Board are working hard and are confident of securing a financing solution for the benefit of all our shareholders. In addition, we continue to have the support of Harbinger and are in final discussions to convert existing loan notes to improve our balance sheet structure."
Further announcements will be made in due course.

** ENDS **

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

Peter Botha	African Medical Investments Plc	Tel: [phone]
David Foreman	Seymour Pierce	Tel: [phone]
Rick Thompson	Seymour Pierce	Tel: [phone]
Susie Geliher Notes	St Brides Media & Finance Ltd	Tel: [phone]

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 has hospitals in Dar es Salaam (Tanzania), Maputo (Mozambique) and Harare (Zimbabwe). Its current focus is on improving occupancy rates and optimising the space of these facilities, however expansion remains a longer term focus either through the construction of new hospitals or investments in existing facilities.