Phoenician Corporation IV Limited Extension of Loan

PHOENICIAN CORPORATION IV LIMITED (the "Company")
EXTENSION OF LOAN

The directors of the Company (the "Directors") wish to announce that they have agreed to extend the arrangement entered into with Amara Holdings Inc ("Amara") pursuant to which a refundable deposit of $1,050,000 was forwarded by the Company to Amara in August 2009 (the "Deposit").
 
Under the previous terms of this Deposit arrangement, by no later than 31 December 2010, the Deposit shall be returned to the Company along with an administration fee or, at the option of the Company, used as consideration for the allotment of shares in Amara. This date has now been extended to 1 April 2011 to give the Company more time to evaluate the investment opportunity.
 
Amara is a Sharia compliant private investment company that offers investors the opportunity to invest in Sharia compliant businesses by searching for appropriate acquisitions in China, as well as the Middle East, North Africa and India.
 
"THE DIRECTORS TAKE RESPONSIBILITY FOR THIS STATEMENT"
 
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

Jason Futko
Phoenician Corporation IV Limited
2nd Floor, Olde Towne Marina
West Bay Street
Sandy Port
N 4825
Nassu ,Bahamas
jfutko@gmail.com