REG-Phoenician Corporation IV Limited: Issue of Equity

Phoenician Corporation IV Ltd.

("Phoenician" or the "Company")

Issue of Equity

The directors of the Company are proud to announce a further investment into what they believe to be a valuable asset in the infrastructure and recycling sector. The board has resolved to issue an aggregate of 15,637,000 class A
shares to the parties set out below in consideration for the transfer by them of options in King Tech International Ltd ("King Tech"):

Name of Option Holder No.of Options in No. of class A No. of class A
King Tech (the shares of $0.05 each shares and
"Options") to be issued in percentage of
Phoenician in shareholding in
consideration for Phoenician
the transfer of the following issue
Options of shares listed
in column 3
(aggregated with
existing
holdings on a
non diluted basis)

Newhaven Holdings 3,333,333 6,584,000 11,102,725
International Limited
("NHIL") (**) (9.46%)

Douglas Wright 1,500,000 (**) 2,962,800 4,579,600

666,666 (*) 1,316,800 (3.90%)

Gerard Thompson (*) 250,000 493,800 793,800

(0.67%)

John May (*) 250,000 493,800 793,800

(0.67%)

Stephen Komlosy (*) 250,000 493,800 793,800

(0.67%)

Octavian Growth LP 1,666,666 3,292,000 9,363,611
(*)
(7.98%)

Total 7,916,665 15,637,000

Notes

(*) denotes seed options.

(**) denotes options, which are in each case, exerciseable no later than 30 June 2009.

King Tech represents an exciting opportunity for the Company to expand its interests in the growing Chinese market whilst at the same time investing in a defensible industry. King Tech is a builder of roadways in China using Asphalt Rubber ('AR'). AR is created by mixing rubber powder (obtained by shredding used tires) with asphalt and has advantages over the use of conventional paving roadway substances. King Tech is a member of the Rubber Pavements Association (USA) and has worked with different Chinese bodies for the development of AR in China, including AR applications and research and development.

Following the above allotments, the Company will have 117,248,835 Class A shares in issue. The class A shares so allotted, will rank pari passu from the date of allotment with the existing Class A shares in issue.

The Class A shares to be allotted to NHIL and Octavian Growth LP will be subject to the Lock In Agreement which it entered into at the time of the Company's admission to PLUS.

The Class A shares to be allotted will be in registered form and no temporary documents of title or share certificates will be issued.

Application will be made for the new Class A shares to be admitted to PLUS.

Phoenician is a company formed with the main intention of identifying and actively pursuing acquisitions of the whole or part of Sharia complaint businesses. The Company believes such Sharia compliant businesses offer material opportunities for growth. Although other acquisition opportunities will be explored, the focus will be upon the acquisition of Sharia complaint businesses where the Company will seek board representation. The Company intends to be a pro-active investor, and will, where possible, seek to control and operate acquisition targets. A majority of the Company's shareholders are based in the Middle East.

The Directors of Phoenician Corporation IV Ltd accept responsibility for this announcement.

For further information please contact:

Corporate Adviser:

City & Westminster Corporate Finance LLP

Gerard Thompson & John May

2nd Floor, Stanmore House

29-30 St.James's Street

London

SW1A 1HB

Telephone: 0044 20766 0080

Phoenician Corporation IV Ltd.

Jason R. Futko

The Fairmont Building

Sheikh Zayed Road

PO Box 24459

Dubai

United Arab Emirates

Telephone: 00971 4312 4393

END