IMB - Acquisition of BNP Securities(BNP Protective Services)

• Acquisition of BNP Securities Pty Ltd for $4.2 million
• Expected to be immediately earnings accretive, generating $1.4m in pro forma annualized EBITDA
• Strategically expands ADT Guard's Australian footprint into the security guarding market

Intelligent Monitoring Group Limited (IMG) has entered into a sale and purchase agreement to acquire all of the shares in BNP Securities Pty Ltd ('BNP'), a leading supplier of traditional security manpower solutions, including guards, patrols and alarm response, for government, industrial, retail and other commercial customers, principally in NSW. IMG, through its subsidiary ADT Security Group Pty Ltd ('ADT'), will pay $4.2 million cash for the acquisition, subject to customary adjustments for working capital, cash, and debt amounts on completion. The acquisition is expected to be immediately earnings accretive and is anticipated to generate a pro forma annualised EBITDA of $1.4 million, putting the multiple in line with prior IMG acquisitions. The acquisition is a strategic move by IMG's ADT Guard division to expand its Australian operating footprint into the large security guarding market. BNP will provide ADT Guard a strong platform to pursue an industry-wide rollout of IMG's ADT Guard video strategy into an area currently dominated by physical manpower. BNP has a long-term, significant, high-quality reputation as a provider of traditional manpower and patrol-based security services, which will complement IMG's modern, lower-cost, higher-quality video solutions.

The acquisition is expected to be immediately earnings accretive and is anticipated to generate a pro forma annualised EBITDA of $1.4 million, putting the multiple in line with prior IMG acquisitions. The acquisition will strategically expand ADT Guard's Australian operating footprint into the large security guarding market and provide a strong platform to pursue an industry-wide rollout of IMG's ADT Guard video strategy.