Magal Announces a US$3.8 Million Order to Protect an International Airport in East Europe YAHUD, Israel, March 8 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. , today announced that it has signed a contract for US$3.8 million to protect an International Airport in East Europe. This comprehensive turnkey project constitutes an extension of a contract that Magal has previously signed to protect this airport. Besides different types of security systems, integrated by MagNet, Magal's computerized Security Management System (SMS), this project also includes video and data communication systems. Mr. Jacob Even-Ezra, Chairman of Magal, stated: "The fact that the customer ordered Magal systems for the second phase of the project, proves once again the reliability and efficiency of our systems". About Magal Security Systems, Ltd.: Magal Security Systems Ltd. (Magal) is engaged in the development, manufacturing and marketing of computerized security systems, which automatically detect, locate and identify the nature of unauthorized intrusions. Magal also supplies Video Monitoring Services through Smart Interactive Systems, Inc., a subsidiary established in the U.S. in June 2001. The Company's products are currently used in more than 70 countries worldwide to protect national borders, airports, correctional facilities, nuclear power stations and other sensitive facilities from terrorism, theft and other threats. Israeli-based Magal has subsidiaries in the U.S., Canada, the U.K., Germany,Romania, Mexico and an office in China. Revenues for fiscal year 2003 were $59.4 million, with net income of $2.4 million. Magal trades in the U.S. on the NASDAQ National Market since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001, in both under the symbol MAGS. This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward- looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Report on Form 8-K filed with the Securities andExchange Commission. Contacts: Magal Security Systems, Ltd Gelbart Kahana Investor Relations Raya Asher, CFO Ehud Helft, Kenny Green Tel: +972-3-539-1444 US toll free: 1-866- 704 6710 Fax: +972-3-5366245 International: 972-3-6074717 E-mail: DATASOURCE: Magal Security Systems, Ltd. CONTACT: Raya Asher, CFO of Magal Security Systems, Ltd, +972-3-539- 1444, or fax, +972-3-5366245; or Ehud Helft, , or Kenny Green, , both of Gelbart Kahana Investor Relations, US toll-free, +866-704-6710, or International, +972-3-6074717

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