MEDIA RELEASE

Zicom Electronic Security Systems Ltd. in Joint Venture with CNA Group, Singapore to offer high end intelligent building management solutions and Green buildings.

Mumbai - 3 April, 2008 - Zicom Electronic Security Systems Ltd., India’s largest electronic security systems company has today announced its Joint Venture agreement with CNA Group, Singapore, to offer integrated intelligent building management solutions and green buildings in India.

This move is in line with its business objective of accelerating growth to ramp up its strategic focus on developing expertise on Integrated Building Management solutions and Green buildings with control and automation.

As per the Memorandum of Understanding, Zicom will acquire 51% stake and CNA Group will have 49% stake in the Joint Venture Company named as Zicom CNA Automation Ltd.

The intended relationship with CNA aims to leverage on the enormous growth potential of the booming real estate market in India by providing integrated facilities management solutions and services to residential, industrial  commercial and Government construction.

According to Mr. Manohar Bidaye, Chairman of Zicom Electronic Security Systems Limited,” We are pleased to tie up with CNA to address growing demand of automation industry particularly Intelligent Building Management Solutions for large residential and commercial complexes in India. With the cutting edge technology of CNA and the marketing depth of Zicom, we will produce break- through results in the Indian continent.”

According to Mr. Micheal Ong, President and CEO of CNA Group “CNA’s focus is on overseas expansion and in conjunction with this, we are keen to seek out and develop opportunities in high-growth areas like India where we see tremendous potential for our C&A business. In line with our strategy to increase our presence outside Singapore, we are keen on building a strong business momentum that captures the burgeoning economic opportunities in the region.”

According to industry analysts, sustained economic activity driven by India’s software and branded firms and changing consumer patterns has ignited a widespread demand for real estate across all sectors including residential, commercial and industrial construction. This situation is further boosted by revolutionary changes in land legislation such as the removal of caps on foreign direct investment, stamp duty rationalisation and a policy to set up special economic zones.

Against this scenario, Zicom’s comprehensive network of sales offices in more than 60 cities in India and long experience therein, positions it advantageously to leverage on the construction demand in India.

“In Zicom, we have found the perfect partner to cater to the business opportunities brimming in this market,” concluded Mr. Ong.

In addition, Zicom will also provide financial support for all projects that are procured under the proposed Zicom CNA Automation Ltd. On the other hand, CNA will provide sales and marketing support and will also be responsible for the training and development of personnel.

CNA has been credited with some very high quality, high end integrated multi-thread and multi-tasking facility management systems with Intelligent building management solutions. Some of the key installations of CNA are Changi Airport, Parliament House of Singapore, Guangzhou Airport, Suvarnabhumi Airport, Bangkok, China World Hotel at China World Trade Center, The New Doha International Airport, Discovery Gardens, Dubai, Shanghai tomorrow Square Tower, CISCO Bangalore Campus.