A NEW FORCE IN ARMOURED SYSTEMS ANNOUNCED

Marshall Land Systems and Plasan form Joint Venture

Cambridge, 2nd February 2010; A new force in vehicle and armour systems is announced today at the International Armoured Vehicles Conference being held at the Excel Conference Centre on 2nd and 3rd February 2010. Marshall Land Systems and Plasan announce the formation of a joint venture to design, manufacture and market armoured solutions to the UK land, naval and where appropriate air domains.

The 50:50 JV will be based in the UK with both companies having an equal number of board members. It will be a free standing company reporting to the boards of both Marshall Land Systems and Plasan. It is intended that the JV will be MLS's main centre for armouring excellence capitalising on Plasan's undoubted world leading capability in armour.

"This JV is a major step in the development of Marshall Land Systems' offering to the defence and security community and enables us to provide an even more integrated solution to our customers, with Plasan, a world leader in survivability and armour solutions" said Peter Callaghan, Chief Executive of Marshall Land Systems.

"Marshall Land Systems expertise and knowledge, and the respect with which it is held, makes it the ideal partner for Plasan, as we seek to provide even better armour protection to our defence customers in the UK," said Dani Ziv, Chief Executive of Plasan.

The JV will be working to provide a credible alternative solution for the supply of armour solutions to the end user, vehicle prime contractors and OEMs.

- Ends -

About Marshall Land Systems

Marshall Land Systems (MLS) is part Marshall Group, a large (£750M) family owned independent group of companies involved in the automotive, aerospace and land systems areas. Headquartered in Cambridge UK, Marshall Group can trace its history back to 1909.

MLS specialises predominantly in defence vehicle and shelter design, manufacture, integration and product support. MLS has three major components, which design and produce shelters and specialist vehicles, manufacture vehicle load beds and a specialist design division which carries out UOR work, EOD, EMI, EMC, Safety Cases and Consultancy.

Further information is available at www.marshall-ls.com

Recent AnnouncementsMarshall Equipment prime Mover Exceeds Expectations during Field AssessmentsMarshall Land Systems Realigns BusinessMarshall provides mobile intelligence analysis system to UKMarshall Launches TRAKKAR Multi-Role Unmanned Ground VehicleMarshall delivers Mobile Intelligence System to UK Ministry of DefenceMarshall Supplies Mobile CT Scanner to NorwayNorwegian Field Hospital deploys to Chad with support from Marshall EngineersMarshall delivers LEAPP shelters

Contact:

Tim Otter Mark Broughton

Future Business Director Marontech Communications

Tel +44 (0) 1223 373079 Tel: +44 (0) 1428 647979

Mob+44 (0) 7748 090802 Mob: + 44 (0)7880 506345

tim.otter@marshall-ls.com mark.broughton@marontech.co.uk

www.marshall-ls.comwww.marontech.co.uk

About Plasan

Plasan is an international company engaged in the design, development, and manufacture of state-of-the-art, lightweight, ballistic armour protection products and integrated survivability systems. It has rapidly become a key global manufacturer and integrator of comprehensive armour solutions used on various light military vehicles, APCs, personal protection equipment, rotary and fixed-wing platforms, as well as naval vessels.

Plasan's survivability solutions offer a unique optimization between protection, payload and cost by combining in-house R&D, design, prototyping, testing and manufacturing capabilities. Plasan's unique products are at the heart of proven passive armour protection systems which are operationally proven and used by defence, law enforcement and security personnel in Europe, the U.S., Asia and the Middle East.

Plasan has been involved in a number of major Equipment Programme and UOR armouring projects for the UK market since 2003 including the Wheeled Tanker, HET, Viking and Chinook, and most recently the Medium Tactical Support Vehicle, Husky, produced by Navistar Defense, which is equipped with a Plasan survivability solution designed specifically to meet UK operational requirements offering enhanced protection from ballistics threats, mines and roadside bombs.

Further information is available at www. plasan.com

Contact:

Yael Arnin Hadas Weizman

Marketing Manager Media Relations Manager

Tel +972 (0)4 6809001 Ext #2146 Mob: + 972 (54)2872110

Mob +972 (0) 542872146 hadasw@plasan.com

arnin@plasan.com www.plasan.com