BOYDS, MD–( EMWNews – April 1, 2008) – Wambia Capital’s Press Release, dated March 30th,

erroneously mentioned the IPO for Safaricom. This Press Release corrects

and withdraws the earlier Release. Our services are only applicable to

sophisticated investors for secondary market issues, and not the IPO. We

are only soliciting for sophisticated institutional and ultra high

net-worth investors who meet the eligibility requirements for investing in

African Marketable Securities, Private Equity, and in Trade Finance and

Project Finance deals. We will accept mandates for custodial,

discretionary, non-custodial, and non-discretionary accounts. Wambia

Capital has arrangements for investment research, strategy, and best

execution (brokerage) with top-tier investment banks in Kenya.

ABOUT WAMBIA CAPITAL

Wambia Capital is a Registered Investment Adviser (RIA). It has a deep and

diverse bench of professionals with world-class qualifications and

extensive global experience which it brings to bear on its advisory

services and transactions. Wambia Capital provides investment and risk

advisory services by: (i) Investing in African Securities through brokers

and dealers in the US for American Depository Receipts (or ADRs) of African

companies, in Africa for locally quoted securities, and structuring Private

Equity; (ii) Fund Placement (Sourcing Deal-Flow) on behalf of institutional

investors; (iii) Fund Raising (Financing) from institutional investors

such as Exim-Bank, OPIC, IFC, MIGA, East African Development Bank,

Investment Banks and Hedge Funds on behalf of companies; and (iv)

Performing Due Diligence focused on governance, risk & control and,

internal audits. Wambia Capital’s close relationships with key corporate

and institutional players provide our clients with unique access and

insights into the most exclusive co-investment opportunities in Africa, and

are additional distinguishing features of its value added proposition.

Wambia Capital does not sell African (or any other) securities, nor is it

an agent of any firm that sells such securities; its investment advisory

services do not constitute or imply an offer to sell securities.