ZICOM GROUP LIMITED — Capital/Financing Update 2012

Jun 13, 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

14 June 2012

Market Announcement Office Australian Securities Exchange Level 6, 20 Bridge Street SYDNEY NSW 2000

Dear Sir,

Demerger of PT Putra Dharma Harmoteknik

On 30 March 2011, our Group announced that we acquired 60% of PT Putra Dharma Harmoteknik (“PDH”) based in Jakarta for US$300,000 through wholly owned subsidiary Zicom Equipment Pte Ltd (“ZEPL”). The investment was to consolidate our cooperation and to develop an Indonesian based process engineering team to support the oil and gas activities of the Group and to utilise PDH’s existing licences to participate in oil and gas activities in Indonesia.

As advised in our profit guidance, the Group’s current year’s results have been adversely impacted by difficulties in integrating the engineering resources in Indonesia with those of ZEPL resulting in losses in projects undertaken.

In having reviewed the situation, we have concluded that to strengthen the management of our oil and gas activity going forward, a demerger of PDH is in the best interests of the Group. We have accordingly sold our entire interests to the other shareholder, the founder of PDH for a nominal sum of S$1.00. The loss resulting from the demerger will not have significant impact on the Group.

Going forward the Group has reorganised its engineering management that increases focus on ownership and timely accountability to ensure losses experienced in integration are not repeated.

Notwithstanding the demerger, the Group’s relationship with PDH remains strong and shall continue to cooperate on mutually acceptable projects as was done before the merger.

The Group is confident of its prospects in the oil and gas sector and believe its performance in the coming year shall improve.

The demerger does not impact on the profit guidance given for the full year ending 30 June 2012.

Yours faithfully Zicom Group Limited

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-------------------------------G L Sim Chairman.