VINYL GROUP LTD — Capital/Financing Update 2011

Mar 8, 2011

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For immediate release

ASX CODE: MBO

Date: 9 March 2011

ASX LIMITED GRANTS WAIVER FROM LISTING RULE 7.3.2

Mobilarm Limited has been granted a waiver from the requirements of Listing Rule 7.3.2.

The waiver was requested in relation to the proposed issue of shares to the vendors of Marine Rescue Technologies Limited, an acquisition recently announced by the Company.

The terms of the grant of the waiver are as follow:

“ Based solely on information provided, ASX Limited grants Mobilarm Limited a waiver from listing rule 7.3.2 to the extent necessary to permit the notice of meeting seeking shareholder approval for the issue of up to 20,139,545 ordinary shares (Consideration Shares) to the vendors of Marine Rescue Technologies Limited (MRT) to state that those securities will be issued more than 3 months after the date of the shareholder’ meeting, on the following conditions:

• Up to 75% of the Consideration Shares are to be issued by no later than 30 June 2012 (Tranche 1)

• The Consideration Shares that remain to be issued following Tranche 1 are to be issued by no later than 30 June 2013.

• The notice of Meeting sets out in detail the conditions which must be satisfied prior to the issue of the Consideration Shares, and which will govern the determination of the exact number of Consideration Shares to be issued.

• For any annual reporting period during which any of the Consideration Shares have been issued or remain to be issued, the Company’s annual report must set out in detail the number of Consideration Shares issued in that annual reporting period, and the number of Consideration Shares that remain to be issued, and the basis on which those Consideration Shares may be issued.

• The Company releases the terms of the waiver to the market immediately.

ASX has considered listing rule 7.3.2 only and makes no statement as to the Company’s compliance with other listing rules.

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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.

MOBILARM PRESS RELEASE

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