VINYL GROUP LTD — Capital/Financing Update 2011

Dec 4, 2011

For immediate release Date: 5 December 2011

ASX CODE: MBO

ISSUE OF SHARES AND OPTIONS

Perth, Western Australia: Global marine safety equipment provider, Mobilarm Limited (ASX: MBO) advises that it has today issued 7,000,000 fully paid ordinary shares at 5 cents each in satisfaction of the conversion of a $ 350,000 convertible note by the Company’s managing director, Brenton Scott. The issue of the shares pursuant to the conversion was approved at the Company’s Annual General Meeting held on 29 November 2011.

4,999,980 fully paid ordinary shares (and 2,499,990 attaching unlisted options exercisable at 10 cents each by 28 September 2013) were also issued at 5 cents each in satisfaction of outstanding liabilities of $ $ 250,000. 3,333,320 shares (and 1,666,660 options) were issued to directors Ken Gaunt and Brenton Scott in satisfaction of loans to the Company of $ 83,333 each. The issue of these shares and options in satisfaction of the loans was approved at the Annual General Meeting on 29 November 2011. The balance of 1,666,660 shares (and 833,330 options) were placed pursuant to listing rule 7.1 of the ASX Listing Rules, and Section 708 of the Corporations Act.

1,666,660 shares (and 833,330 options exercisable at 10 cents each by 28 September 2013) were also issued to Ken Gaunt at 5 cents per share following the receipt of $ 83,333 in application funds. The placement was approved by shareholders at the Annual General Meeting on 29 November 2011.

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Further details:

Lindsay Lyon Chief Executive Officer

Lorraine Coghill Communications Manager

Email lindsayl@mobilarm.com Email lorraineh@mobilarm.com Tel. +61 (0)409 531 738 Tel. +61 (0)8 9315 3511

www.mobilarm.com

About Mobilarm Ltd:

Headquartered in Perth, Western Australia, Mobilarm (ASX: MBO) is the world’s largest company in the rapidly growing man overboard safety category with worldwide distribution of Crewsafe and Sea Marshall Maritime Survivor Locating Devices and associated marine safety equipment. The Company’s solutions enable operators in the offshore oil and gas, defence and commercial marine industries to remove risk from the workplace, where Occupational Health & Safety, regulatory compliance and Director’s Liability are the major drivers for improved employee safety and Duty of Care.

Mobilarm owns patent pending technology that protects and saves lives in the marine workplace and enables every maritime vessel to become a marine Search and Rescue asset.

The Company’s Australian and UK designed emergency locator beacons and crew monitoring alarm systems for use aboard vessels and other marine facilities generate automatic and immediate alerts in man overboard events, integrate with GPS and onboard navigation systems and provide in-water tracking of man overboard casualties in the water.

Mobilarm has received enviable recognition for its products and design, winning two Seatrade awards for Safety, two Australian Design Awards and the Western Australia Worksafe Award.

Interviews with the CEO and further company information are available from the Mobilarm website: www.mobilarm.com/page/media_centre.html.

Mobilarm Ltd ASX and Media Announcement

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