Mace Discloses Supplemental Information Regarding Bonus and Voting Agreements

Mace Security International, Inc. (OTCQX: MACE) today announced that it
has posted amended supplemental exhibits on the OTCQX website. These
exhibits provide greater detail related to certain previously disclosed
bonus and voting agreements.

The Bonus Agreement aligns the company’s new lead investors with all
shareholders and is based on annual EBITDA growing above a threshold
level starting at $1 million. The Voting Agreements between certain
large Mace shareholders were entered into with a goal of providing
continued stability in Mace’s Board composition. They do not bind and
have no effect on how any of Mace’s directors vote on Board matters.

These agreements continue to be available for shareholder viewing in
their entirety at Mace’s headquarters located at 4400 Carnegie Avenue,
Cleveland, OH 44103. Click on the following link to access the amended
supplemental exhibits: https://backend.otcmarkets.com/otcapi/company/financial-report/197176/content

About Mace Security International, Inc.

Mace Security International Inc. is a globally recognized leader in
personal safety and security. Based in Cleveland, Ohio, the Company
designs and manufactures consumer and tactical products for personal
defense, security and surveillance under its world-renowned Mace® Brand
– the original trusted brand of pepper spray products and Vigilant®
Brand alarms, the world-wide leader and number one recognized brand in
personal alarms. The Company also offers aerosol defense sprays and
tactical products for law enforcement and security professionals
worldwide through its Mace® and Take Down® brands.

Certain statements and information included in this press release
constitute “forward-looking statements” within the meaning of the
Federal Private Securities Litigation Reform Act of 1995. When used in
this press release, the words or phrases “will likely result,” “are
expected to,” “will continue,” “is anticipated,” “estimate,”
“projected,” “intend to” or similar expressions are intended to identify
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are subject to
certain risks, known and unknown, and uncertainties, including but not
limited to economic conditions, dependence on management, our ability to
compete with competitors, dilution to shareholders, and limited capital
resources.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180711005515/en/

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