Athlone Subsidiary Breaks Ground on New Data Centre

TEL AVIV, ISRAEL--(Marketwired - Oct. 20, 2014) - Athlone Investments Limited (the "Company") (ATL:TA)(TASE:ATLN) is pleased to announce that its subsidiary Vaninga has broken ground at its new data centre location in Maputo, the capital of Mozambique.

The site, conveniently located outside of the city centre in the suburb of Matola, is ideally situated for access to key utilities and connectivity. The site is owned by TDM (Telecomunicações de Moçambique), the government owned fixed line operator. Vaninga has been able to secure this premium location on a long term lease basis. The location has existing infrastructure including buildings, fencing and towers as it is an active telecom location for TDM.

Vaninga has engaged with one of Mozambique's largest civil contractors MCL (Mukoque Construction LDA) to provide the basic civil infrastructure in preparation for the installation of their first modular data centre.

Site preparation begins for new Vaninga Data Centre in Maputo: http://media3.marketwire.com/docs/vaninga%20data.png

Vaninga is extremely pleased to have obtained this site with the multiple benefits of connectivity directly to TDM as well as to the Seacom landing station providing direct access to the largest submarine cable in the country. SEACOM is a submarine cable operator with a network of submarine and terrestrial high speed fibre-optic cable that serves the East and West coasts of Africa. SEACOM's reach extends to and from Europe, India and Asia. The pan-African network uses bundled backhaul, open access points of presence (PoPs) and global partnerships to provide end-to-end wholesale connectivity around the world for African network operators.

Electricidade de Mozambique (EDM), the government owned electricity utility provides reliable power to the site already and there exists the possibility of gas powered energy with municipal gas in close proximity to the site as well.

Vaninga has engaged with South African telecoms infrastructure specialist Megatron Federal, to provide the first phase of the data centre. Vaninga expects to be fully operational on site by early next year.

The Company plans to move beyond the traditional data centre model of providing only hosting and co-location by adding suites of virtual and storage servers and offering Cloud and Virtualization services.

Athlone plans to significantly expand their modular footprint on the site over the next three quarters due to already visible demand. In addition the company is already exploring opportunities in a number of Sub-Saharan African countries.

About Athlone Investments Limited

Athlone's subsidiary Vaninga & Investimentos Limitada is a Mozambican telecommunications operator licensed to provide a full range of fixed and wireless services nationally. It will focus on the provision of carrier neutral data centre services which are in very short supply in Mozambique and in Sub Saharan Africa generally. The company will launch services in Maputo in the early new year and has already pre-sold the full capacity of rack space available.

In addition to traditional data centre services such as hosting and co-location, Vaninga plans to provide, a range of Cloud based services such as Platform as a Service and Infrastructure as a Service, virtual servers, secure storage and media streaming. Its customers include banks, telecommunications operators, Government, SME's and Consumers.

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Israeli securities legislation. Forward-looking information includes, but is not limited to, statements regarding the Company's business model. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.