VINYL GROUP LTD — Capital/Financing Update 2011

May 9, 2011

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10 May 2011

ASX CODE: MBO

To: ASX

Dear Sirs

RE: ENTITLEMENTS OFFER

Mobilarm Limited wishes to advise that 27,984,446 fully paid ordinary shares have been issued and allotted pursuant to the Company’s Entitlements Offer. The shares were allotted on 10 May 2011.

The issued capital of the Company following the allotment is as follows:

• 191,931,219 Fully Paid Ordinary Shares

• 3,448,000 Options exercisable at 20¢ by 28/02/2013

• 3,168,000 Options exercisable at 20¢ by 21/09/2013

• 2,833,333 Performance B Shares - escrowed to 21/09/2012

• 2,833,333 Performance C Shares - escrowed to 21/09/2012

• 333,333 Performance B Shares

• 333,332 Performance C Shares

Attached is a Top 20 Shareholders statement.

-Ends-

MOBILARM LTD MOBILARM LIMITED Page - 1 Holder name 1 * BLAZZED PL 2 BOND STREET CUSTS LTD 3 * JAYDEN HLDGS PL 4 * JAYDEN INV PL 5 * CRUISERS YACHTS AUST PL 6 * ONA INV PL 7 * ASIANA PROPS LTD 8 BOND STREET CUSTS LTD 9 * FMM AUST PL 10 SCOTT KURTIS ADAM 11 * BRIDGELANE PL 12 PINE VALLEY ENTPS PL 13 * COLLINS RUSSELL NEIL 14 * GAUNTSWOOD PL 15 * HOWSON BRONTE 16 * COLLINS RUSSELL 17 SPC EQUITY PTNRS FUND 18 * HILL ANDREW 19 BELL POTTER NOM LTD 20 * VERSTEEG JOHANNES *** Top 20 total *** ** All holders included

Spread & Top 20 Listing Date - 10/05/2011 Time - 12.02.05 User - SUE SRSPTP *- Current Status -* *- As at:29/04/11 -* Designation Units % of issued Units % of issued GAUNT MGNT A/C 20,788,835 10.83% 14,932,825 9.11% 1 MACQUARIE SMALLER 15,682,286 8.17% 11,264,740 6.87% 3 JAYDEN INV A/C 14,608,018 7.61% 14,608,018 8.91% 2 BA SCOTT S/F A/C 9,231,158 4.81% 9,231,158 5.63% 4 CRUISERS UNIT ACCO 7,000,000 3.65% 7,000,000 4.27% 5 LYONPARK FAM A/C 4,800,000 2.50% 4,000,000 2.44% 6 3,984,365 2.08% 3,984,365 2.43% 7 MACQ AUST MICROCAP 3,940,496 2.05% 2,830,497 1.73% 10 3,933,333 2.05% 3,933,333 2.40% 8 K & J INV A/C 3,500,000 1.82% 2,500,000 1.52% 13 3,000,000 1.56% 3,000,000 1.83% 9 2,784,314 1.45% 2,000,000 1.22% 16 COLLINS FAM A/C 2,752,776 1.43% 2,752,776 1.68% 11 GAUNT FAM A/C 2,500,000 1.30% 2,416,666 1.26% 2,416,666 1.47% 14 COLLINS S/F A/C 2,380,952 1.24% 2,380,952 1.45% 15 2,000,000 1.04% 2,000,000 1.22% 17 1,999,999 1.04% 1,999,999 1.22% 18 BB NOM A/C 1,768,888 .92% 1,270,609 .78% 21 1,740,197 .91% 1,250,000 .76% 23 _____________ _______ ___________ _______ 110,812,283 57.72% 93,355,938 56.94% * - Denotes merged holder

	MOBILARM LTD MOBILARM LIMITED Page - 2 Spread of holdings NIL holding 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 - Total on register Total overseas holders Analysis by location Overseas Australia : ACT NSW VIC QLD SA WA TAS NT Address unknown	Holders Securities 2 638 10 37,000 44 395,685 275 11,627,697 204 179,870,199 _______ _____________ 535 191,931,219 _______ _____________ 8 7,167,154 8 7,167,154 2 79,608 91 55,074,560 65 7,876,290 29 2,213,758 7 610,170 300 113,054,655 4 136,666 0 29 5,718,358 _______ _____________ 535 191,931,219 _______ _____________	Spread Analysis Listing Date - 10/05/2011 Time - 12.02.05 User - SUE SRSPTP % of issued capital .00 % .02 % .21 % 6.06 % 93.72 % ________ 100.00 % ________ 3.73 % 3.73 % .04 % 28.69 % 4.10 % 1.15 % .32 % 58.90 % .07 % .00 % 2.98 % ________ 100.00 % ________

  ** ALL holders included                  ***  Common holders merged into one holding

oreign Investment Analysis Date - 10/05/2011 Time - 12.02.05 reign Investment Analysis Date - 10/05/2011 Time - 12.02.05 eign Investment Analysis Date - 10/05/2011 Time - 12.02.05 ign Investment Analysis Date - 10/05/2011 Time - 12.02.05 gn Investment Analysis Date - 10/05/2011 Time - 12.02.05 n Investment Analysis Date - 10/05/2011 Time - 12.02.05 estment Analysis Date - 10/05/2011 Time - 12.02.05 ment Analysis Date - 10/05/2011 Time - 12.02.05 ent Analysis Date - 10/05/2011 Time - 12.02.05 nt Analysis Date - 10/05/2011 Time - 12.02.05 t Analysis Date - 10/05/2011 Time - 12.02.05  Analysis Date - 10/05/2011 Time - 12.02.05 alysis Date - 10/05/2011 Time - 12.02.05 lysis Date - 10/05/2011 Time - 12.02.05 ysis Date - 10/05/2011 Time - 12.02.05 is Date - 10/05/2011 Time - 12.02.05 s Date - 10/05/2011 Time - 12.02.05  Date - 10/05/2011 Time - 12.02.05

 MOBILARM LTD                                                      Foreign Investment Analysis Date - 10/05/2011 Time - 12.02.05 reign Investment Analysis Date - 10/05/2011 Time - 12.02.05 eign Investment Analysis Date - 10/05/2011 Time - 12.02.05 ign Investment Analysis Date - 10/05/2011 Time - 12.02.05 gn Investment Analysis Date - 10/05/2011 Time - 12.02.05 n Investment Analysis Date - 10/05/2011 Time - 12.02.05 estment Analysis Date - 10/05/2011 Time - 12.02.05 ment Analysis Date - 10/05/2011 Time - 12.02.05 ent Analysis Date - 10/05/2011 Time - 12.02.05 nt Analysis Date - 10/05/2011 Time - 12.02.05 t Analysis Date - 10/05/2011 Time - 12.02.05  Analysis Date - 10/05/2011 Time - 12.02.05 alysis Date - 10/05/2011 Time - 12.02.05 lysis Date - 10/05/2011 Time - 12.02.05 ysis Date - 10/05/2011 Time - 12.02.05 is Date - 10/05/2011 Time - 12.02.05 s Date - 10/05/2011 Time - 12.02.05  Date - 10/05/2011 Time - 12.02.05
 MOBILARM LIMITED                                                                              User - SUE               SRSPTP
 Page -    3
                                             No of                Total
CodeCountry                        HoldersSecurities
 GBR        UNITED KINGDOM GB & NTH I            2                   288,432
 HKG        HONG KONG                            1                 3,984,365
 NZL        NEW ZEALAND                          3                   773,327
 SGP        SINGAPORE REPUBLIC OF                1                 2,000,000
 USA        UNITED STATES OF AMERICA             1                   121,030
                                          ________             _____________
            Foreign investment                   8                 7,167,154
            Australian investment              527               184,764,065
                                          ________             _____________
            Totals:-                           535               191,931,219
                                          ________             _____________
            % Foreign to total    3.87%

  ** ALL holders included                  ***  Common holders merged into one holding

Further details:

Lindsay Lyon Lorraine Hammacott Chief Executive Officer 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 www.mobilarm.com

About Mobilarm Ltd:

Headquartered in Perth, Western Australia, Mobilarm (ASX: MBO) is one of the world’s leading brands in the rapidly growing man overboard product category. The Company’s marine safety equipment solutions remove risk from the workplace in the offshore oil and gas, defence and commercial marine industries, where regulatory compliance, Occupational Health & Safety 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-designed emergency locator beacons and crew monitoring alarm systems for use aboard vessels and other marine facilities generate automatic and immediate alerts in emergencies involving personnel, integrate with GPS and onboard navigation systems and provide in-water tracking of man overboard casualties in the water.

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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 ASX ANNOUNCEMENT

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