Zicom Electronic - Updates on Scheme of Arrangement

Zicom Electronic Security Systems Ltd has informed that the Hon'ble High Court of Judicature at Bombay has at the hearing held on November 23, 2007, approved the Scheme of Arrangement between the Company and Zicom Global Security Pvt Ltd ('Zicom Global') and their respective Shareholders ('Scheme') for the transfer of "Consumer Service (Retail) Group" Business in Zicom Global Security Pvt Ltd.