Eagle Eye Telematics PLC
11 February 2008

                            Eagle Eye Telematics plc

                                (the 'Company')


                                 Loan Agreement

The directors of the Company announce that on 6 February 2008 a new subsidiary
of the Company (EI Leasing Limited (the 'Subsidiary')) entered into loan
agreements with (i) Belgravia Homes Limited ('Belgravia'), a company under the
control of Melvin Lawson, a significant shareholder of the Company; and (ii)
Stross Financial Services Limited, a company under the control of Ralph Stross,
a non-executive director of the Company, and Stuart Krell, a significant
shareholder of the Company (the 'Loan Agreements').

Following a restructure of the Company, the Subsidiary now has the benefit of
all the Company's ongoing contracts and these form the security for the Loan
Agreements.

Pursuant to the Loan Agreements the Company, through its Subsidiary, has access
to loan facilities of up to £600,000 (the 'Loan'), which amount has now been
drawn down in full by the Subsidiary.  It is intended that the Loan will be
repaid on the earlier of 30 November 2009, the acquisition by a third party
purchaser of more than 50% of the share capital of the Subsidiary or a Company
Reorganisation (as defined in the Loan Agreements).


The Loan is to bear interest at a fixed rate of 12% per annum.

The directors of the Company (other than Ralph Stross) consider, having
consulted with the Company's nominated adviser, WH Ireland Limited, that the
terms of the agreements are fair and reasonable insofar as its shareholders are
concerned.



For further information, please contact:

Rodney Graves (Eagle Eye Telematics)                   01928 795400
David Youngman (WH Ireland)                            0161 832 2174




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