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ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED Capital/Financing Update 2007

Nov 12, 2007

64861_rns_2007-11-12_acb17ab6-10e2-4f0b-8643-f725ff7d9c9c.pdf

Capital/Financing Update

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Electro Optic Systems Holdings Limited

A.C.N. 092 708 364 Suite 2, Level 12, 75 Elizabeth Street, Sydney NSW 2000 Tel +61 2 9233 3915 Fax +61 2 9232 3411

http://www.eos-aus.com

13 November 2007

The Manager Company Announcements Office Australian Stock Exchange Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Sirs,

CANCELLATION OF UNLISTED OPTIONS

Electro Optic Systems Holdings Limited (ASX:EOS) reports the cancellation of 92,200 unlisted options over ordinary shares in the Company, which had been granted to employees of the Company who have since resigned.

The details of the cancelled options are as follows:

ASX code Number of options Exercise price Expiry date
EOSAQ 27,750 $2.58 30 April 2009
EOSAU 64,450 $3.50 30 September 2009
92,200

Yours faithfully,

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Ian Dennis Company Secretary