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Ki-Bi Mobile Tech. (ZIP)

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Wednesday 12 July, 2006

Ki-Bi Mobile Tech.

Result of AGM

Ki-Bi Mobile Technologies Ltd.
12 July 2006


                                                           For immediate release

                                                                    12 July 2006

                         Ki-Bi Mobile Technologies Ltd
                           ('Ki-Bi' or the 'Company')

                                 Result of AGM

Further to the announcement made on 31 May 2006, at the annual general meeting
held earlier today all resolutions were duly passed.

Accordingly, the acquisition of Emblaze V CON Ltd. ('Emblaze VCON') is expected
to be completed on 13 July 2006. Certain of the vendors of Emblaze VCON have not
provided exemptions from Israeli withholding tax as required under the
Acquisition Agreement. Therefore, those shareholders will only receive 70 per
cent. of the consideration due to them under the Acquisition Agreement, with the
balance being issued to them upon delivery by them to the Company of such
exemptions from Israeli withholding tax, which is expected to occur on or before
14 August, 2006. Consequently, it is expected that admission to AIM will become
effective and dealings in the 47,898,159 ordinary shares of NIS 0.01 each will
commence on 13 July 2006.

Enquiries:

Ki-Bi Mobile Technologies Ltd

Hagit Gal Tel. No.: 00 972 9769 9339

John East & Partners Limited

David Worlidge Tel. No.: 00 44 (0) 20 7628 2200


Corfin Communications

Harry Chathli Tel. No.: 00 44 (0) 20 7929 8980



                      This information is provided by RNS
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