Licence Agreement

Trakm8 Holdings PLC
09 November 2007


Embargoed until 0700h, Friday 9 November 2007

                                      TrakM8
                                        
                               TRAKM8 HOLDINGS PLC
                           ("Trakm8" or "the Group")


                Reciprocal licence agreement with Tyco Electronics


Trakm8, (AIM: TRAK), a telematics technology and service provider to the global
vehicle tracking and security market, is pleased to announce that it has signed
a reciprocal licence agreement ("the Agreement") with Tyco Electronics LTD
("Tyco Electronics") to jointly develop the next generation of advanced GPS
tracking Systems worldwide (with Tyco Electronics providing the hardware and
Trakm8 the software).

As part of the Agreement, Trakm8 will generate additional revenues by licensing
its proprietary embedded firmware to Tyco Electronics which is already deployed
in well over 100,000 Trakm8 devices globally. This will enable Tyco Electronics
to enhance its current capability as a pure hardware manufacturer to a complete
telematics platform provider. Under the agreement, Tyco Electronics can also
market Trakm8's Global stream server software and professional services.

Tyco Electronics already manufactures, to Trakm8's proprietary designs, the
electronic modules used within Trakm8's existing range of products. The new
agreement extends this service to the production of Trakm8's complete unit. Tyco
Electronics will also, where appropriate, ship the complete units direct to
Trakm8's customers. Consequently, Trakm8 will benefit further from Tyco
Electronics' in-house electronic design and manufacturing expertise and
significantly reduced hardware platform manufacturing costs, whilst further
developing the commercial relationship between both companies.

Trakm8 will continue to focus on developing its comprehensive software
portfolio, enhanced by its recent acquisition of Pjsoft, a company specialising
in cartographic mapping application software.

Tyco Electronics will globally market the next generation platform, scheduled
for general release in calendar Q1 08, with Trakm8's embedded software as
standard. The Agreement is consistent with the current Trakm8 strategy to focus
on its core competencies in software and related service provision.

Eckart Seitter, Director of Global Sales of Tyco Electronics commented: "Tyco 
Electronics' developing relationship with Trakm8 has produced advantages to both
companies to date. This agreement takes our partnership to a new level, with
Tyco Electronics and Trakm8 as equal partners in developing and delivering
advanced telematics solutions to both our customers. We are delighted to be able
to contribute our platform design and manufacturing expertise to this
relationship."

Cary Knapton, CEO of Trakm8 added: "Trakm8 has recognised Tyco Electronics'
design and manufacturing skills through our long standing relationship over
seven years. For Trakm8, this agreement provides the opportunity to focus on
completing our transition strategy to best-of-breed telematics software and
services provider. We look forward to a long term, mutually beneficial
partnership with Tyco Electronics, delivering advanced telematics services to a
much expanded user community."



                                     -ends-



For further information please contact:

Trakm8 Holdings PLC                                                0870 380 0531
Cary Knapton, Chief Executive Officer                            
Tim Couling, Finance Director                                      

Tyco Electronics Raychem GmbH                                    [phone]                                    
Eckart Seitter, Director Global Sales
Hans Wiedemann, Manager Product Marketing

Arbuthnot Securities                                               020 7012 2000
Paul Vanstone

Tavistock Communications                                           020 7920 3150
Simon Hudson                                                       07843 260 623
Paul Youens                                                    


About Trakm8

Trakm8, based in Shaftesbury, Dorset is the leading technology provider,
designer and developer of hardware and software to the vehicle tracking and
security market. The Company distributes its hardware and software worldwide
through a network of distributors. In addition, the Company provides ASP vehicle
monitoring and tracking services direct to the B2B market. Trakm8's products
allow vehicles and drivers to be monitored, allowing organisations to manage
deliveries and services, or track stolen vehicles down to 5 metres.


About Tyco Electronics

Tyco Electronics Ltd. is a leading global provider of engineered electronic
components, network solutions, wireless systems and undersea telecommunications
systems and services, with 2006 sales of US$12.3 billion to customers in more
than 150 countries. We design, manufacture and market products for customers in
industries from automotive, appliances and aerospace & defence to
telecommunications, computers and consumer electronics. With approximately 8,000
engineers and worldwide manufacturing, sales and customer service capabilities,
Tyco Electronics' commitment is our customers' advantage. More information on
Tyco Electronics can be found at www.tycoelectronics.com.



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