USCOM LIMITED — Capital/Financing Update 2011

Jan 13, 2011

Uscom Limited ABN 35 091 028 090 Suite 1, Level 7, 10 Loftus Street Sydney NSW 2000 Australia T +612 9247 4144 F +612 9247 8157 www.uscom.com.au

M A R K E T A N N O U N C E M E N T

Uscom doubles US coverage & enters Eastern Europe

Friday 14th of January, 2011: Uscom (ASX code: UCM).

Uscom Ltd today announced the appointment of US medical device distributor Provider Enterprises, based in Nashville Tennessee, thereby doubling its coverage of US hospital beds through its new distribution channel from 23% to 56%.

Provider Enterprises services approximately 33% of all hospital beds in the US. This appointment is in addition to the recent appointment of Medical Dynamics, a California based distributor covering approximately 23% of the US Hospital market. Both Provider Enterprises and Medical Dynamics are growing strongly and have a track record of building brands and sales for their partners. They are committed to undertaking strong marketing and sales programs for USCOM's unique heart monitor. Negotiations are progressing very positively with leading distributors for the other areas of the USA and new International locations.

Uscom also announces the appointment of its first distributor in Eastern Europe with the appointment of Vok Medical to service the Russian Federation. It has also appointed Medtel to cover the Australian market and is actively working with its partner in Asia, Pacific Medical Systems to establish greater penetration across the rapidly growing Asian markets.

Uscom’s newly appointed Executive Chairman, Mr Phil Kiely said, “These distributors have been carefully selected for their sales capabilities in Uscom’s hospital markets in Pediatrics, Intensive care and Emergency departments. We are now well funded and will be working with all our new partners to give them the support and tools they require to make the strongest drive for sales we have ever undertaken.”

About Uscom

Uscom Limited is an Australian medical device company which was first listed on the Australian Stock Exchange in December 2003. Uscom has developed a Non Invasive Cardiac Output Monitor which measures critical performance indicators of haemodynamics. The USCOM 1A is a simple, cost-effective and non-invasive device that measures heart function, detects irregularities and guides treatment. The USCOM device has major applications in Paediatrics, Emergency Medicine, Intensive Care Units and Anesthesia, and is a potential new standard in the management of adult and paediatric sepsis, and for the guidance of all fluid and drug therapy administration. USCOM has global regulatory approval and the technology is currently marketed in North America, South America, Europe, the Middle East, India and Australia & New Zealand through its distributors in Asia .

Uscom Contacts Phil Kiely Executive Chairman phil.kiely@uscom.com.au

Daniel Fah Company Secretary daniel.fah@uscom.com.au