The Board of Directors of Selway Capital Acquisition Corporation (OTCBB:SWCA.L) authorized a tender offer on May 17, 2013. Under the program, the company will repurchase up to 839,965 shares of its Series B common shares at a purchase price of $10.30 per share for $8.65 million. The company will fund the purchase of Series B Shares in the Offer with cash resources and cash available from the Trust Account. The Offer is not conditioned on any minimum number of Series B Shares being tendered. If not the company will terminate the tender offer and automatically liquidate the trust account and distribute a pro rata portion of the trust account ($10.30 per share) to each holder of Series B Shares, and the Series B Shares will be cancelled.

Only holders of Series B Shares are entitled to participate in the Offer, and holders of our Series C Shares of common stock and our other securities are not entitled to participate in the Offer, The securities will be retired and cancelled, expiry date of the tender offer is June 10, 2013 unless the offer is extended.

Only Series B Shares that are validly tendered and not properly withdrawn will be purchased pursuant to the Offer. Series B Shares tendered pursuant to the Offer but not purchased in the Offer will be returned at expense promptly following the expiration of the Offer.