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ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED Share Issue/Capital Change 2007

Jul 16, 2007

64861_rns_2007-07-16_b61497fe-eeb8-4b31-9038-7f8aa5565646.pdf

Share Issue/Capital Change

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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

17 July 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 41,200 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 7,500 $2.58 30 April 2009
EOSAU 33,700 $3.50 30 September 2009
41,200

Yours faithfully,

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Ian Dennis Company Secretary