VINYL GROUP LTD — Capital/Financing Update 2011

Mar 27, 2011

ASX CODE: MBO

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For immediate release

Date: 28 March 2011

**SECTION

708A
NOTICE**

In
respect
to
the
issue
of
9,000,000
shares
announced
to
the
market
on
28
March
2011 (securities),
the
Company
hereby
notifies
ASX
under
paragraph
708A(5)(e)
of
the
Act
that:

• a) the
  Company
  issued
  the
  Securities
  without
  disclosure
  to
  investors
  under
  Part
  6D.2
  of
  the
  Act;

• b) as
  at
  28
  March
  2011
  the
  Company
  has
  complied
  with
  the
  provisions
  of
  Chapter
  2M
  of
  the
  Act
  as they
  apply
  to
  the
  Company,
  and
  Section
  674
  of
  the
  Act;
  and

c) as
at
28
March
2011
there
is
no
information:

• 1) that
  has
  been
  excluded
  from
  a
  continuous
  disclosure
  notice
  in
  accordance
  with
  the
  ASX Listing
  Rules;
  and

• 2) that
  investors
  and
  their
  professional
  advisers
  would
  reasonably
  require
  for
  the
  purpose
  of making
  an
  informed
  assessment
  of:

• (i) the
  assets
  and
  liabilities,
  financial
  position
  and
  performance,
  profits
  and
  losses
  and prospects
  of
  the
  Company;
  or

• (ii) the
  rights
  and
  liabilities
  attaching
  to
  the
  Securities.

-End

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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.

3 MOBILARM PRESS RELEASE