MIKOH CORPORATION LIMITED (ASX:MIK) For personal use only

MIKOH CORPORATION LIMITED (ASX:MIK) For personal use only

OVERVIEW MIKOH Corporation Limited ( MIKOH ) is a leading supplier of Radio Frequency Identification (RFID) tags and systems RFID technology and systems are rapidly replacing barcodes and magnetics strips as a means of identification and security MIKOH s SMARTRFID TM technology is tamper evident MIKOH has existing contracts in traffic management, logistics and security sectors MIKOH has 25.1% stake in Kollakorn Co. Ltd. In Thailand ( Kollakorn ) Kollakorn has 10-year concession with Thai Government to provide an electronic vehicle registration program (EVR) services including vehicle registration, speed monitoring, parking, fleet management, e-commerce and border security Growing pipeline of tenders in multiple markets Strong Board and management team in place

CORPORATE SNAPSHOT ASX code: Share price: Shares on issue (Pre-raise): Options on issue: Total Shares (fully diluted): Market Capitalisation (fully diluted): Enterprise Value: Top 20 Shareholders: CAPITAL STRUCTURE Directors and related parties: MIK 1.6 cents (At 21 May 2012) *14,972,500 Listed 5 cent exp 30.6.2012 13,500,000 unlisted 7.5 cent exp 1.12.14 4,500,000 unlisted 20c $1.20 exp 2012-2014 678,000,000 32,222,500* 710,222,500 $11.3 million $11.2 million 40.96% 17% TOP SHAREHOLDERS Shareholder Shares % Kollakorn Co. Ltd 89,722,683 13.255 Deancorp Nominees Pty Ltd 38,021,332 5.617 Davis Nominees Pty Ltd* 26,168,416 4.534 Terstan Nominees Pty Ltd 17,769,795 2.625 Dr Leon Eugene Pretorius 12,000,000 1.886 Bordoni Holdings Pty Ltd 11,117,606 1.642 DIRECTORS Name Position Sevag Chalabian Non-Executive Chairman Richard Sealy Managing Director Tony Snape* Non-Executive Director Namchoke Somapa Non-Executive Director Riad Tayeh Non-Executive Director

MIKOH POISED FOR GROWTH Recent Developments New management team and Board driving growth Significant reduction in cost base and head count Head office relocated to Thailand Disposal of loss-making businesses Significant reduction in debt to $1 million previously 3.5 million Management instrumental in strengthening Kollakorn business independently valued at around $45 million in September 2011* Broadened product offering and opened new markets in Asia WELL PLACED TO CAPITALISE ON RESTRUCTING INITIATIVES *RSM Bird Cameron Independent Report September 2011

FINANCIALS Significant reduction in debt from $3.5 million to $1 million Average monthly operating costs of $142,000 Net Tangible Assets $4,663,000 (Kollakorn Investment @ cost of $2.8 million) 2011 Revenue of $3.99 million 2012 Revenue approximately $400,000* * The 2011 revenue was once-off sale of capital equipment sold to Kollakorn. This financial year s activity was in deploying this equipment and deploying the system therefore the only income for MIKOH has been from royalties. Revenue AU$ 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 FY2011 Q1 FY2012 Q2 FY2012 Q3 FY2012 ROYALTY STREAMS AND SALES PIPELINE NOW GROWING STRONGLY

MIK S REVENUE MODEL REVENUE MODEL ACTIVITY Number Selling Price EVR Tag Sales Thailand: Initial tagging of Thailand fleet of vehicles Two Yearly Renewals of tags New Vehicle Registrations 2 million pa 30,000,000 30,000,000 2,000,000 0.82 0.82 0.82 $AUD 24,600,000 24,600,000 1,640,000 EVR Equipment Thailand: Readers 1,000 3,843,600 Other Tag Sales Per Annum 3,000,000 Royalties 800,000 25% of Kollakorn Profit (full 30 million cars tagged) Per annum 5,000,000 NOTES EVR Tag Sales: initial tagging in Thailand once only then renewed every two years New registrations in Thailand over could amount to another 14 million vehicles Reader sales assume rollout over rest of Thailand a once off amount Other tag sales are tags for other applications non EVR applications recurring annually Royalties come from the use of our IP by Sirit it may not re-occur 25% of Kollakorn comes from our present ownership in Kollakorn and assumes the annual revenue in Kollakorn for the full 30 million vehicles of $60 million per annum

MIKOH S BUSINESS TODAY Thailand Electronic Vehicle Registration (EVR) 10-year concession with Thai Government for EVR traffic management and monitoring through SMARTRFID TM technology Concession held by Kollakorn(MIK 21.5% shareholding) Taiwan SmartRFID TM technology implemented for tolling and free-flow traffic management India RFID tags used by L Oreal for high value asset management United States RFID technology for public sector security contract ACTIVE AND ADVANCED TENDERS IN MALAYSIA, VIETNAM, THAILAND, SINGAPORE, TURKEY, UAE, AUSTRALIA, JAPAN

EVR PROJECT IN THAILAND A MAJOR GROWTH PLATFORM 10-year concession with Thai Government for electronic vehicle registration (EVR) and speed monitoring 44,000 commuter vehicles fitted with SMARTRFID TM tags 450 RFID TM readers installed on Thai roadways increasing to 2000 Roll-out increasing to other government vehicles MIKOH benefits from tag sales (100% of sales revenue to MIKOH) Control Box at Site Location Numberplate Camera and Reader SmartRFID tag on vehicle

SMARTRFID TM OFFERS ONE PLATFORM - MANY APPLICATIONS Electronic Vehicle Registration (EVR) Electronic Tolling (ETC) Speed Measurement/Enforcement Fleet Management Access Control Traffic Flow Monitoring Parking Applications

SMARTRFID TM SYSTEM OVERVIEW OPERATING IN THAILAND

DATA COLLECTION BY SMARTRFID TM IS ALWAYS ACCURATE DUE TO TAMPER EVIDENT TECHNOLOGY VEHICLE CLASS Motorcycle Passenger Vehicle Public Transport Goods Vehicle DATE AND TIME STAMP USER DATA License Plate Number Vehicle Colour State Registered VEHICLE CLASS Name Address Contact Details

STRONG INCENTIVES FOR GOVERNMENT TO MANDATE USING SMARTRFID TM BENEFITS FROM IMPLEMENTING THE EVR SYSTEM Collect Additional Road Tax 20,141,000,000 Collect Additional Insurance Reduce Road Accidents & Fatalities 230,000,000,000 Reduce Theft of Vehicles (cars only) 1,380,000,000 Fines for Speeding Total Basis of Benefit Total (AUD) 7,725,408 vehicles unregistered 105,000,000 Provided by Office of Insurance Commission 74,666,666 Reducing speed creates a saving of 2% 148,000,000 Tracking deters theft saving of 5% 2,300,000 Based on Fines in NSW Australia 10,000,000 Fuel Savings Reduce Idling by 10 minutes /day/every two vehicles Based onhinkle Charitable foundation Study 564,600,000 Improve National Security - Cannot Quantify? Reduce Carbon Emissions - 1.4 million tonnes -

REASONS BEHIND THE DECISION TO IMPLEMENT SPEED CONTROL We are making a commitment, with support from all sectors, to make every single road in Thailand safe, and to reduce the number of road crashes in the next ten years, SorasakSaensombat, Deputy Permanent Secretary to Thailand s Ministry of Transport at the Conference for A Decade of Action - World Health Organisation In Thailand on average 25 road deaths are reported daily or one loss of life every hour The cost of road traffic deaths and injuries is approx. 230 billion Baht, or about 2.8% of GDP annually Thailand has the 6 th worst record for traffic deaths out of the 200 countries which keep road statistics Source: United Nations World Health Organisation A global Plan for a Decade of Action for Road Safety

WHY IMPLEMENT EVR Increases Revenue for Authorities Improves take-up of vehicle registration and third party insurance -EVR becomes a profit centre rather than a cost centre Improves Security Improved detection of vehicles of interest terrorist, stolen,border Security etc. Improves Road Safety Speed Monitoring and more efficient recording of vehicle history Improves Compliance Expired registrations and unregistered vehicles identified, prevents sharing tags between multiple vehicles and faster verification of vehicle road worthiness Better Traffic Management Better understanding of traffic flow, congestion tolling and synchronisation with SCAT and SCOOT

PROPOSED CAPITAL RAISING Use of Funds - Placement ($1,500,000) 33.33% 66.67% Fully Subscribed Subscribed Subscribed ($) ($) ($) Funding payments to La Jolla Cove $ 475,000 $ 950,000 $ 1,015,360 Funding Kollakorn (Payments to Sirit) $ - $ - $ 409,640 Working Capital $ - $ - $ - Costs of the Placement $ 25,000 $ 50,000 $ 75,000 Total $ 500,000 $ 1,000,000 $ 1,500,000 Use of Funds - Rights Issue ($2,000,000) Where placement Where placement Where placement 33.33% Subscribed 66.67% Subscribed Fully Subscribed Total Subscribed in Placement $500,000 $1,000,000 $1,500,000 Funding payments to La Jolla Cove $ 540,360 $ 65,360 $ - Funding Kollakorn (Payments to Sirit) $ 967,103 $ 967,103 $ 557,463 Working Capital $ 392,537 $ 867,537 $ 1,342,537 Costs of the Offer $ 100,000 $ 100,000 $ 100,000 Total $ 2,000,000 $ 2,000,000 $ 2,000,000 These amounts are indicative only.

SUMMARY MIKOH now benefitting from aggressive roll-out of SMARTRFID TM technology Ten year Thai Government EVR concession still in early stages Active pipeline of tenders in multiple markets Diverse and recurring revenue streams building sustainable revenue model Proven and accepted technology platform Kollakorn investment represents major growth platform