Defence Technology - Metal Storm - Announces Appointment of Director

Sydney, Feb 7, 2006 (ABN Newswire) - Defence technology company Metal Storm Limited (ASX: MST) today announced the appointment of Dr Peter Jonson as non-executive director, effective today.

Peter Jonson has had extensive official and commercial experience in leadership positions in Australia with significant international involvement. Peter is a professional director and economist. He spends a considerable part of his time directly or indirectly helping scientists and technologists produce commercial outcomes from their research. He is a director of Village Roadshow Ltd and Pro Medicus Limited, Chair of Australian Institute for Commercialisation and Chair of Australian Aerospace and Defence Innovations Ltd. He also serves as Chair of the Australian Government's Cooperative Research Centre (CRC) Committee. During 2001 he was Chair of the Major National Research Facilities Committee and, during 2002 he was Chair of the Biotechnology Centre of Excellence Panel of Experts. From 1992 to 2003 he was Chairman of the Melbourne Institute Advisory Board, and is now Chairman Emeritus.

Peter has been Chairman of ANZ Funds Management, Group Managing Director of Norwich Union Financial Services Ltd and Head of Research at James Capel Australia Limited. Peter held a number of senior positions as an economist with the Reserve Bank of Australia from 1972 to 1988. He is a Fellow of the Academy of the Social Sciences in Australia and a Fellow of the Australian Institute of Company Directors.

Chairman, Mr. Terry O'Dwyer welcomed Dr Jonson to the Board. He said "Dr Jonson's deep experience in turning technology into product will complement and round out the skills on the board of Metal Storm".

Notes:

Metal Storm's Australian Stock Exchange trading code: MST
Metal Storm's NASDAQ Small Cap ticker symbol: MTSX

About METAL STORM LIMITED

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.