Since the formation of the joint venture in both the US and...

Since the formation of the joint venture in both the US and Europe the Company has intensified its
marketing and commercialisation focus in those areas which has accounted for the increase in
marketing costs expensed during the period. These efforts have resulted in the Company now
negotiating in excess of 50 potential sites around the world with some 30 sites in European regions
announced post June 30, 2003
The Company will naturally keep the market informed of major developments as they occur.
The Maremagnum Barcelona screen is an excellent example of the Luma Technology in operation and
enables the Company to showcase the benefits and operational savings now available from this type of
display technology, and has lead to a large number of enquires throughout the European region.
It is with great confidence and enthusiasm that Lumacom enters into the 2004 year. Management and
staff of Lumacom wish to thank all shareholders for their ongoing support as we continue on our path
to successful commercialisation of our unique technology and products.