1 November, 2012
Australian Securities Exchange
For immediate release
By electronic transmission

.MAXSEC

MaxSec Group Limited AsNs9oooo29265

Level 1, 82 Waterloo Rd, Macquarie Park NSW 2113, Australia PO Box 1948, Macquarie Centre, North Ryde NSW 2113, Australia

Phone +61 (0)2 8817 2800 1 Fax: +61 (0)2 8817 2811

Web: www . maxsec.com

AUTHORISED DISTRIBUTOR AGREEMENT SIGNED

MaxSee Group Limited (ASX: MSP), today announeed that their wholly owned eontrolled entity, BQT Solutions (Australia) Pty. Limited (BQT) has signed Authorised Distributor Agreement with Mare Corporation Pte Limited (Mare Corporation).
The Agreement will be for both BOT Solutions (BOT) and Magna Electronics Pte. Limited (Magna) products in the territory of Vietnam for an initial period of 12 months with an option to extend fora further period.
Chief Executive Officer, Geoff Cleaves said "l'm very pleased to welcome Mare Corporation, a leading distributor of access contrai equipment as an Authorised Distributor of our products and l am pleased that our commitment to Asia is continuing to produce promising results. We look forward to our trusted and reliable BOT and Magna products being introduced to the Vietnamese market, a market that has experienced rapid growth aver the past 5 years and one that is now demanding higher quality and internationally recognised product."

Geoffrey Cleaves

Company Secretary

About MaxSec Group Limited

MaxSec Group Limited is a leading developer and global provider of Mifa re and DESFire (13.56Mhz) smart card, biometrie and other access contro! products through its BQT Solutions business and also quality electromechanical locking products through Magna Electronics Pte. Ltd under OEM and its YNOTLOC brand.

For more information, visit our website at www.maxsec.com.

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