Magal Security Systems Ltd. announced that Mr. Gillon Beck, a member of the company's board of directors, has been appointed as the new chairman of the Board, replacing Mr. Barry Stiefel, who remains a member of the Board. In addition, the Board appointed two independent directors, Mr. Jacob Berman and Mr. Avraham Bigger, to serve as members of its Audit Committee. Mr. Berman and Mr. Bigger join Ms. Liza Singer on the Audit Committee, all of whom satisfy the respective independence requirements of the SEC and NASDAQ.

Ms. Singer, who is the Audit Committee financial expert, also qualifies as an External Director pursuant to the requirements of the Israeli Companies Law.