ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED

604 page 2/2 15 July 2001

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Electro Optic Systems Holdings Limited ( Company ) ACN/ARSN 092 708 364 1. Details of substantial holder (1) Electro Optic Systems Holdings Limited ACN 092 708 364, Electro Optic Systems Pty Limited ACN 008 587 451, EOS Defence Systems Pty Limited ACN 052 193 192, EOS Space Systems Pty Limited ACN 100 248 253, EOS UAE Name Holdings Pty Limited ACN 605 214 319, FCS Technology Holdings Pty Limited ACN 052 193 245, EM Solutions Pty Ltd ACN 082 157 846, EOS Defense Systems USA, Inc., EOS Technologies, Inc., EOS USA, Inc., EOS Defense Systems, Inc., EOS Optronics GmbH, EOS Defense Systems Pte Limited, EOS Communications Pty Ltd ACN 644 068 557, Spacelink Corporation, EOS Space Spectrum LLC (together, the Relevant Entities ). ACN/ARSN (if applicable) See above There was a change in the interests of the substantial holder on 15/03/2021 The previous notice was given to the company on 4/06/2020 The previous notice was dated 4/06/2020

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Ordinary shares in the Company	9,950,000 (provided for illustrative purposes given the Company's relevant interest in these shares arises as a result of the restrictions imposed by the Company on disposal of ordinary shares issued under the Company's Loan Funded Share Plan. The Company has no right to control the voting rights attaching to shares issued under its Loan Funded Share Plan.	6.70% (see note in immediately preceding column)	11,937,500 (provided for illustrative purposes given the Company's relevant interest in these shares arises as a result of the restrictions imposed by the Company on disposal of ordinary shares issued under its Loan Funded Share Plan. The Company has no right to control the voting rights attaching to shares issued under its Loan Funded Share Plan.	7.92% (see note in immediately preceding column)

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or

scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
				1,185,000 fully paid ordinary shares in the
		The Company issued	No consideration was	Company (provided for illustrative
15/03/2021	The Relevant Entities	1,185,000 new fully paid ordinary shares to EOS Loan Plan Pty Ltd under the terms of the Electro Optic Systems Holdings Limited Loan Funded	paid by the Company. The Company has not acquired the shares the subject of this Form 604 – it simply has the right to control	purposes given the Company's relevant interest in these shares arises as a result of the restrictions imposed by the Company on disposal of ordinary shares issued its Loan Funded Share Plan. The Company has no right to control the	1,185,000 (see note in immediately preceding column)
		Share Plan.	their disposal.	voting rights attaching to shares issued
				under its Loan Funded Share

31/12/2020	The Relevant Entities	Transfer/ sale of 207,500 ordinary shares to employees upon vesting and repaying loans under the terms of the Electro Optic Systems Holdings Limited Loan Funded Share Plan.	Repayment of loan of $2.99 per ordinary share	207,500 fully paid ordinary shares in the Company	Votes decreased by 207,500 full paid ordinary shares in the Company
14/10/2020	The Relevant Entities	The Company issued 150,000 new fully paid ordinary shares to EOS Loan Plan Pty Ltd under the terms of the Electro Optic Systems Holdings Limited Loan Funded Share Plan.	No consideration was paid by the Company. The Company has not acquired the shares the subject of this Form 604 – it simply has the right to control their disposal.	150,000 fully paid ordinary shares in the Company (provided for illustrative purposes given the Company's relevant interest in these shares arises as a result of the restrictions imposed by the Company on disposal of ordinary shares issued its Loan Funded Share Plan. The Company has no right to control the voting rights attaching to shares issued under its Loan Funded Share	150,000 (see note in immediately preceding column)
10/08/2020	The Relevant Entities	The Company issued 860,000 new fully paid ordinary shares to EOS Loan Plan Pty Ltd under the terms of the Electro Optic Systems Holdings Limited Loan Funded Share Plan.	No consideration was paid by the Company. The Company has not acquired the shares the subject of this Form 604 – it simply has the right to control their disposal.	860,000 fully paid ordinary shares in the Company (provided for illustrative purposes given the Company's relevant interest in these shares arises as a result of the restrictions imposed by the Company on disposal of ordinary shares issued its Loan Funded Share Plan. The Company has no right to control the voting rights attaching to shares issued under its Loan Funded Share	860,000 (see note in immediately preceding column)
4. Present relevant interests Particulars of each relevant interest of the substantial holder in votingsecurities after the change are as follows:
Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
The Relevant Entities	EOS Loan Plan Pty Limited ACN 637 891 144	The holders listed in Annexure A to this Form 604	Restrictions on disposal of ordinary shares issued under the Company's Loan Funded Share Plan gives the Company a 'relevant interest' in its own ordinary shares under section 608(1)(c) of the Corporations Act 2001 (Cth). However, the Company has no right to control the voting rights attaching to shares issued under its Loan Funded Share Plan	11,937,500 (provided for illustrative purposes given the Company's relevant interest in these shares arises as a result of the restrictions imposed by the Company on disposal of ordinary shares issued its Loan Funded Share Plan. The Company has no right to control the voting rights attaching to shares issued under its Loan Funded Share Plan	11,937,500 (see note in immediately preceding column

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association N/A N/A 6. Addresses The addresses of persons named in this form are as follows: Name Address Electro Optic Systems Pty Limited ACN 008 587 451 Suite 3, Level 12, 75 Elizabeth Street, Sydney NSW 2000 EOS Defence Systems Pty Limited ACN 052 193 192 18 Wormald Street, Symonston ACT 2609 EOS Space Systems Pty Limited ACN 100 248 253 18 Wormald Street, Symonston ACT 2609 EOS UAE Holdings Pty Limited ACN 605 214 319 18 Wormald Street, Symonston ACT 2609 FCS Technology Holdings Pty Limited ACN 052 193 245 18 Wormald Street, Symonston ACT 2609 EOS Communications Systems Pty Ltd CAN 644 068 557 18 Wormald Street, Symonston ACT 2609 EM Solutions PtyLtd ACN 082 157 846 55 Curzon Street, Tennyson, QLD 4105 EOS Defense Systems USA, Inc. 2865 Wall Triana HighwaySW, Huntsville AL 35824 USA EOS USA, Inc. 2865 Wall Triana HighwaySW, Huntsville AL 35824 USA EOS Technologies, Inc. 2865 Wall Triana HighwaySW, Huntsville AL 35824 USA EOS Defense Systems, Inc. 2865 Wall Triana HighwaySW, Huntsville AL 35824 USA Spacelink Corporation 2865 Wall Triana HighwaySW, Huntsville AL 35824 USA EOS Space Spectrum LLC 2865 Wall Triana HighwaySW, Huntsville AL 35824 USA EOS Advanced Technologies LLC Tawazun Industrial Park(TIP), Zone 2, Facility15, Al Ajban Area, ABU Dhabi, UAE EOS Optronics GmbH Ulrichsberger Str. 17, S-94469 Deggendorf, Germany EOS Defense Systems Pte Limited 10 Pandon Crescent, #06-01 Singapore 128466	Name and ACN/ARSN (if applicable)	Nature of association
	N/A	N/A
	Name	Address
	Electro Optic Systems Pty Limited ACN 008 587 451	Suite 3, Level 12, 75 Elizabeth Street, Sydney NSW 2000
	EOS Defence Systems Pty Limited ACN 052 193 192	18 Wormald Street, Symonston ACT 2609
	EOS Space Systems Pty Limited ACN 100 248 253	18 Wormald Street, Symonston ACT 2609
	EOS UAE Holdings Pty Limited ACN 605 214 319	18 Wormald Street, Symonston ACT 2609
	FCS Technology Holdings Pty Limited ACN 052 193 245	18 Wormald Street, Symonston ACT 2609
	EOS Communications Systems Pty Ltd CAN 644 068 557	18 Wormald Street, Symonston ACT 2609
	EM Solutions PtyLtd ACN 082 157 846	55 Curzon Street, Tennyson, QLD 4105
	EOS Defense Systems USA, Inc.	2865 Wall Triana HighwaySW, Huntsville AL 35824 USA
	EOS USA, Inc.	2865 Wall Triana HighwaySW, Huntsville AL 35824 USA
	EOS Technologies, Inc.	2865 Wall Triana HighwaySW, Huntsville AL 35824 USA
	EOS Defense Systems, Inc.	2865 Wall Triana HighwaySW, Huntsville AL 35824 USA
	Spacelink Corporation	2865 Wall Triana HighwaySW, Huntsville AL 35824 USA
	EOS Space Spectrum LLC	2865 Wall Triana HighwaySW, Huntsville AL 35824 USA
	EOS Advanced Technologies LLC	Tawazun Industrial Park(TIP), Zone 2, Facility15, Al Ajban Area, ABU Dhabi, UAE
	EOS Optronics GmbH	Ulrichsberger Str. 17, S-94469 Deggendorf, Germany
	EOS Defense Systems Pte Limited	10 Pandon Crescent, #06-01 Singapore 128466

Signature

print name sign here	Ian Alistair Dennis capacity Authorised officer of each of the Relevant Entities
	date 17 March 2021

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

(2) See the definition of "associate" in section 9 of the Corporations Act 2001.
(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:
(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown’”.
(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ANNEXURE A

This is Annexure A, of 1 page, referred to in the Form 604 – Notice of Change of Interests of Substantial Holder

Name of registered holder of securities 1. Ben Greene 2. Fred Bart 3. Ian Dennis 4. Peter Leahy 5. Geoffrey Brown 6. Kate Lundy 7. Grant Sanderson 8. Peter Short 9. Craig Smith 10. Scott Lamond 11. Craig Burman 12. Warwick Holloway 13. Scott Hicks 14. Marguerite Wilson 15. Gregory Clark 16. Rowan Gilmore 17. Peter Bradley 18. John Ness 19. John Logan 20. Makris Georgios 21. Gary Shmith 22. Jason Henry 23. Morgan Bryant 24. Chary Chigurala 25. Jo Ramsay 26. Tahr Kahn 27. Hanna Heikkila 28. Nadeeka Bandarra 29. James Bennett 30. Mark Blundell 31. James Webb 32. Yue Gao 33. Alex Pollard 34. Ian Ritchie 35. Matthew Pearson 36. Rod Brister 37. Amy Chan 38. Robert Fisher 39. Andrew Grey 40. Janjie Wang 41. Chris Moore 42. Aaron Klassens 43. Julie Cassie 44. Justin Olde 45. Paul McGauley 46. Nathan Habermehl 47. Iain Watt 48. Paul Andel 49. Kavita Gahlawat 50. Douglas Hamilton 51. Michael Blaha 52. Sabahaddin Carkir 53. Anthony McWilliams 54. Daniel Thet Zaw Min 55. Jessica Tatham 56. Neil Carter

Glen Tindall 58. Onika Ndori 59. Sarah Horne 60. Michael Nobelen 61. Laura Roger 62. Mat Jones 63. Michael Lock 64. James Prior 65. Kirsten Thompson 66. Dejan Stevanovic 67. Michael Lachut

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