VINYL GROUP LTD — Share Issue/Capital Change 2012

May 10, 2012

ASX CODE: MBO

For immediate release Date: 11 May 2012

CANCELLATION OF PERFORMANCE SHARES AND UNLISTED OPTIONS

Following recent staff redundancies, the Company wishes to advise that 916,670 unlisted options expiring at 20 cents on 22 December 2015 have been cancelled, and 2,333,333 Performance B Class incentive shares and 2,333,333 Performance C Class incentive shares have been cancelled. Pursuant to the terms of the issue of employee options, 599,999 22 December 2015 options now have to be exercised at 20 cents by January 2013 and 283,331 22 December 2015 options have to be exercised at 20 cents by April 2013. 925,000 options remain exercisable at 20 cents by 22 December 2015.

-Ends-

Further details:

Ken Gaunt Brenton Scott Chief Executive Officer Director 0417961770 0411751191

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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