ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED — Capital/Financing Update 2012

Oct 9, 2012

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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

EOS AWARDED DEFENCE CONTRACT

Canberra, 10 October 2012

Electro Optic Systems (ASX:EOS) has announced a new contract valued at $5.1 million for the manufacture and delivery of remote weapon systems in 2013-2014 for an existing customer.

Announcing the contract, the Chief Executive of EOS’ Defence Systems business, Mr Mark Bornholt, said:

“This order is for our most advanced model of remote weapon system to be integrated onto a specialist armoured engineering vehicle. It will be filled in EOS’ production facilities in Australia and the USA.

“This product has been in reliable production in a similar configuration now ordered for more than 18 months and no changes to our supply chain or production processes will be required. This order will see integration testing in 2013 and production in 2014.

EOS CEO, Dr Ben Greene, said that the contract award was particularly satisfying as it is from an existing defence customer.

“EOS is focused on customer service and support, and an important indicator of performance is customer feedback and repeat orders.

“The order raises EOS’ backlog of confirmed, unfilled orders for weapon system products and services to over $35 million deliverable over the next 2.5 years. This backlog is around 1.5 years of revenue at current levels of the Defence Systems business, and is consistent with past performance, despite challenging conditions in this sector associated with tight constraints on government expenditure.”

Information: Ben Greene Mark Bornholt Chief Executive Officer EOS Chief Executive - Defence Systems Ph: +61 414 365 658 Ph +61 40 404 2528 www.eos-aus.com

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ABOUT ELECTRO OPTIC SYSTEMS (ASX: EOS; OTC: EOPSY)

EOS develops, manufactures and sells sophisticated aerospace technology with a wide range of applications through two business divisions – military and space.

EOS’ remote weapon systems enable a weapon to be fired rapidly and accurately by a gunner safely relocated away from the weapon. Typically the technology is applied for mounting weapons on the top of an armoured vehicle, and the gunner inside the vehicle. EOS remote weapon systems have been produced in significant numbers for US Army, NATO forces, Australia, and other countries around the world.

EOS’ space division is as a manufacturer of telescopes and technology to support space surveillance and space debris management, including removal. In space surveillance, EOS’s laser tracking systems and computer technology can track small orbiting debris objects with great precision – while its space ablation technology and systems could potentially allow future de-orbiting of space debris objects.

EOS has around 110 employees, based in Canberra (Australia), Tucson (Arizona), and Singapore.

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