PRESS RELEASES

LoJack Corporation Adopts December 31 Fiscal Year

Westwood, MA, November 01, 2001 - LoJack Corporation, (NASDAQ NMS: "LOJN") announced today that the Board of Directors approved a change in the Company's fiscal year end to December 31 from the last day of February, effective December 31, 2001. As a result, the Company will report a one-month fourth quarter for the fiscal year ending December 31, 2001 and subsequent quarters will end on March 31, June 30, September 30 and December 31.

In connection with the change, the Company will file a report on Form 10-K covering the ten months ended December 31, 2001 within 90 days thereafter. The change to a calendar year will align the Company's fiscal year with that of its principal customers, suppliers and industry counterparts.

LoJack Corporation is the recognized world leader in vehicle tracking technology. In the U.S., its stolen vehicle recovery system, utilized by law enforcement agencies, has maintained more than a 90% successful recovery rate during the fifteen years it has been available to the consumer. The LoJack System operates coast-to-coast in 20 states and the District of Columbia, representing the areas of the country with the greatest population density, highest number of new vehicle sales and incidents of vehicle theft. In addition, LoJack is operated by law enforcement and security organizations in more than 20 countries in Europe, Africa, Asia and the Western Hemisphere

Contact:
Joseph F. Abely, President
(781) 326-4700

John Swanson
Swanson Communications, Inc.
(516) 671-8582