Metal Storm Limited

ASX:MST ISIN:AU000000MST0

May 26, 2012

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Metal Storm Limited Company Summary

Metal Storm Limited is a multi-national defence technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia and incorporated in Australia. Metal Storm Limited technology and products are represented in the USA by Metal Storm Inc., which has offices in Arlington Virginia.

Metal Storm is working with government agencies and departments, as well as industry, to develop a variety of systems utilising the Metal Storm non-mechanical, electronically fired stacked ammunition system.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.

COMPANY DATA

	Fax	(07) 3221 9788

	Principal Sector	Int'l Trade

	Principal Industry	Capital Goods

	Listed	1999/07/08

	Homepage	www.metalstorm.com

Key Developments: Metal Storm Limited

	Australian Market Report of December 3: Strong Metal Prices DEC 3, 2009 13:00 - Article Views: 5,277 Wall Street declined modestly overnight as bearish analyst comments hurt bank shares. Analysts with UBS predicted the capital market's seasonal slowing could come earlier this year, cutting its fourth-quarter earnings target for Morgan Stanley, JP Morgan and others.

	Australian Market Report of October 21: Disappointing US Housing Data OCT 21, 2009 13:00 - Article Views: 7,481 Wall Street declined overnight on a weak housing report, despite some strong earnings results. The Commerce Department said that construction starts on privately owned homes rose 0.5 per cent to 590,000, lower than expectations.

	Metal Storm (ASX:MST) Completes Live Trials Of 40mm Three Shot Stacked Thermobaric Grenades Mounted On An M16 Rifle APR 8, 2008 16:25 - Article Views: 2,720 Defence technology company Metal Storm Limited (ASX: MST)(NASDAQ: MTSX) has completed further live fire trials of its 3GL 40mm three shot grenade launcher mounted to an M16 assault rifle. The trials were designed to provide baseline data for the 3GL and munition-enhancement program.

	Metal Storm Update Of Operations; Weapon Systems SEP 22, 2006 16:38 - Article Views: 4,095 Metal Storm Limited (ASX: MST)(NASDAQ: MTSX) announce the following brief update of operations as at 22 September 2006.

	Metal Storm Lodges Prospectus for A$27.5 million Underwritten Issue JULY 28, 2006 09:02 - Article Views: 2,977 Metal Storm (ASX: MST) has today lodged with ASIC a prospectus for an underwritten A$27.5 million capital raising through a Renounceable Rights Issue of unsecured Convertible Notes and attaching Options.

	Metal Storm is Awarded USMC Contract for Weapon System JULY 13, 2006 12:18 - Article Views: 2,172 Metal Storm (ASX: MST) announced today it was awarded a US$331,426 (approximately A$442,125) contract by the United States Marine Corps Warfighting Lab, Ground Combat Element (GCE) Branch for the design, fabrication and test of 18mm stacked round firing systems.

	Metal Storm Announce John Nicholls Appointment as Non-Executive Director JULY 3, 2006 11:10 - Article Views: 3,177 Mr John Nicholls has agreed to join the Board as a non-Executive Director immediately after the Prospectus for the previously announced capital raise is issued.

	Metal Storm signs AU$5.0m Working Capital Facility JUNE 16, 2006 18:34 - Article Views: 3,681 Metal Storm Limited (ASX: MST) today announced that it has signed a one year working capital facility of AU$5 million with Harmony Investment Fund Limited (Harmony) as previously foreshadowed in its 8 May 2006 announcement regarding capital raising plans.

	Metal Storm Ltd Raises A$3Million Under Recent Share Purchase Plan MAY 19, 2006 16:58 - Article Views: 2,003 Metal Storm Limited (ASX: MST) today announced that it had raised $3.0 million under the recent Share Purchase Plan (SPP). Shareholders who applied for $5,000 of shares under the SPP will receive 37,622 shares. Metal Storm will issue a total of 22,647,240 shares under the SPP.