CONNEXION MOBILITY LTD — Capital/Financing Update 2004

Mar 7, 2004

ASX - MARKET ANNOUNCEMENT: 8 MARCH 2004

ECSI LIMITED AND JETON TARGET TWELVE (12) THOUSAND COMMERCIAL CLIENTS IN CHENGDU, BEIJING AND OTHER CITIES AS NARS ROLL OUT EXTENDS.

Highlights

• Jeton (ECSI's China partner) provides updated client targets as part of its $\ddot{\phantom{a}}$ business and marketing review.
• National Alarm Response System (NARS) to be expanded to include emergency services
• NARS Beijing launch on track, marketing campaign commences to target up to 12,000 new clients over 12 months

ECSI Limited is pleased to provide further information on the rollout of the National Alarm Response System ("NARS") including its extension in providing a complete city automated emergency response system (CCES) with the central city of Chengdu with selected partner Motorola China (as announced to the ASX on 25.02.04).

Chinese joint venture partner Jeton and ECSI will be installing the CCES in Chengdu in early 2005. The CCE system is an extension of the NARS infrastructure and automates emergency response requirements for city services such as fire, gas, electricity and water for existing client. As a result of the upgrade Jeton plans to extend it's marketing to target all commercial and private clients who utilise primary utilities such as fire, gas, electricity and water, Jeton has advised ECSI that it estimates that the addition of CCES will result in the connection of the equivalent of around 6 thousand new clients over the next 12 to 18 months. It is anticipated that significant economies of scale will also result from increases in emergency callouts being serviced by existing Jeton staff.

There are over 3,400 clients currently on line in Chengdu. The average annual revenues from each client is approximately A\$1,100.00 and under the terms of its joint venture and supply agreement with partner Jeton, ECSI receives up to 25% of net profits.

ACN 004 240 313

Unit 1/52 Hoskins Street MITCHELL ACT 2911 PO Box 608 MITCHELL ACT 2911 Phone 02 6241 3311 Facsimile 02 6241 2127 admin@e-control.com.au

FCSIlimited

In February, ECSI announced that plans are well advanced to launch the NARS in Beiling. Beiling has approximately 2.5 times the population base of Chengdu and a considerably larger commercial base. Jeton has indicated to ECSI that as part of its current marketing initiative approximately 12 thousand new commercial, government and banking sector clients are targeted to come on-line in Beijing and Chengdu over the next twelve months.

Jeton has also confirmed that the current licenses with 8 other major cities are active and they will progressively install the NARS and begin marketing to clients during 2004/2005.

Mr Greme Green, CEO of ECSI says: "It is envisaged that the introduction of the CCES and the planned further roll out of the NARS will generate sionificant additional revenues for the company under its net profit sharing agreement with Jeton into 2004/2005."

ABOUT ECSI

ESCI is a Canberra based technology and marketing company with world leading security and surveillance expertise. In 2001 the company entered into a joint venture agreement with Jeton Limited to role out the National Alarm Response System in to up to 200 cities in China. The first city of Chengdu (pop 6million) has been fully operational since 1999 and currently has over 3400 clients online. The company has invested heavily in the past 12 months in further developing its security surveillance and the CCES and believes it will be well placed to lead the security industry in China. Marketing initiatives of ECSI and partner Jeton will provide an increasing number of online clients. initially in Chengdu and Beijing but also progressively throughout its targeted cities.

For further information please contact Terry Stone, Investor Relations at ECSI Limited on 02 6241 3311

ACN 004 240 313

Unit 1/52 Hoskins Street MITCHELL ACT 2911 PO Box 608 MITCHELL ACT 2911 Phone 02 6241 3311 Facsimile 02 6241 2127 admin@e-control.com.au