ZICOM GROUP LIMITED — AGM Information 2012

Nov 12, 2012

Zicom Gr Limited ABN 62 009 816 871 oup

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38 Goodman Place, Murarrie, Queensland 4172 • Tel: (07) 3908 6088 • Fax: (07) 3390 6898

CHAIRMAN’S ADDRESS ANNUAL GENERAL MEETING – 13 NOVEMBER 2012

Dear Shareholders,

Since our last annual general meeting, the Eurozone economic crisis has not fully run its course. If anything, the impact of this crisis has now been fully felt in Asia including Australia compounded by an USA that continues to struggle in its recovery from the Global Financial Crisis.

Our group cannot escape unscathed. Although most of our businesses are expected to remain profitable, any further deterioration of the present economic environment may cause our customers to withhold expenditure and hence affect our growth.

As have been reported in our Annual Report, we expect the full year’s results of the 2013 financial year to be better than the year just ended. The first half of the year, however, is expected to be generally slower as the orders generated by the growth momentum will be more fully realised in the second half of the year

Gestation for all the Group’s technology start-ups would expect to taper off and the startups commence generating revenue in the second half of 2013. Exponential growth is expected to follow in succession.

As at 31[st] October 2012, the Group’s confirmed orders in hand amounted to S$48.9m, scheduled to be delivered by June 2013. This is made up of Offshore, Oil and Gas equipment S$27.3m, Construction equipment S$4.0m, Precision Engineering S$17.3m and Industrial and Mobile equipment S$0.3m

The deteriorating Eurozone economic situation, compounded by a potential fiscal cliff in the USA as well as the slackening economies of Asia, in particular China and India, as well as Australia, poses unprecedented challenges to the global economic environment.

The Group’s financial position remains strong. We are able to support the growth of all our businesses including the start-ups to fully commercialise their disruptive technologies by our own internal resources. At the same time, we are positioned to look for synergistic acquisition opportunities.

We are confident of navigating through the challenges. We have positioned ourselves well to ride the waves and stay at the leading edge of change in the continuing economic turbulence. We are also focused on managing our competencies and to engage technologies of the new age

Your Board is mindful that in the unlikely event of a more than expected severe down-turn in the global economic situation, the Group’s resources would be able to manage these threats and to emerge stronger.

1 AGM 2012 – Chairman’s Address

I would like to thank my directors, management and all employees for their dedication and hard work, and to thank all of you shareholders for your continuous support.

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G L Sim Chairman

13 November 2012.

2 AGM 2012 – Chairman’s Address