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CONNEXION MOBILITY LTD Capital/Financing Update 2012

Jan 8, 2012

64739_rns_2012-01-08_2e10f2d5-ad4e-4ca3-a775-7daec7990ca6.pdf

Capital/Financing Update

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ECSIlimited

ABN 68 004 240 313

101 Rathdowne Street Carlton, Victoria, 3053 Australia

African Uranium Transactions

ECSI Limited (ASX:ECS) would like to update the market on the proposed transaction to acquire the African uranium assets as previously announced on 13 April 2011 and 8 July 2011.

The Company is now in receipt of all draft reports in regard to the assets in South Africa and Namibia and Mauritania.

The Company is now in a position to finalise all necessary documentation including the Notice of Meeting.

George Karafotias Director