Current Chairman of the Board, Mr. Jacob Even-Ezra, to Retire by End-2007 YAHUD, Israel, May 29 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that Mr. Jacob Even-Ezra has notified the Board of Directors that he intends to retire from his position as Chairman no later than December 31, 2007. Mr. Even-Ezra will continue to serve as a member of the Company's Board of Directors. The Board of Directors appointed Mr. Jacob Perry to succeed Mr. Even-Ezra as Chairman of the Board of Directors, effective upon his retirement. Mr. Perry, a seasoned executive, has served as a deputy chairman since September 2006 and as director of the Company since December 2002. From 1995 to December 2002, Mr. Perry was President and CEO of Cellcom Israel Ltd. From 2003 to 2006 Mr. Perry served as chairman of the board of directors of Lipman Electronic Engineering Ltd. Mr. Perry served with the Israeli General Security Service for 29 years, and served as its director from 1988 until 1995. Mr. Perry has also served as an adviser to the Israeli Prime Minister on the subject of prisoners of war and missing persons. He was a member of the management of many public organizations and also serves as chairman of the board of directors of Mizrahi Tefahot Bank B.M., B- Contact Ltd., a content company for cellular services, Pinpoint, Inc., a blank check company traded in the U.S., Allo Telecom and Keren Mor. Mr. Perry holds an A.M.P. from Harvard Business School and a B.A. in Oriental Studies and History of the Jewish People from Tel-Aviv University. 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 in the U.S. 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. Magal trades under the symbol MAGS in the U.S. on the NASDAQ Global Market and in Israel on the Tel-Aviv Stock Exchange (TASE). 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 Annual Report on Form 20-F filed with the Securities and Exchange Commission. Contacts: Company Magal Security Systems, Ltd Raya Asher, CFO Tel: +972-3-5391444 Fax: +972-3-5366245 E-mail: Investor Relations Ehud Helft/Kenny Green G.K. Investor Relations Tel: +1-866-704-6710 E-mail: DATASOURCE: Magal Security Systems Ltd CONTACT: Contacts: Company, Magal Security Systems, Ltd , Raya Asher, CFO, Tel: +972-3-5391444, Fax: +972-3-5366245, E-mail: ; Investor Relations, Ehud Helft/Kenny Green, G.K. Investor Relations, Tel: +1-866-704-6710, E-mail: ,

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