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Metal Storm Limited Results of Shareholder Meeting

Results of General Meeting ­ extension to maturity date of Convertible Notes takes effect

In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, Metal Storm Limited advises that Shareholders have approved the amendment to the Convertible Note Terms at the general meeting held in Brisbane today.

As a result of this resolution and the Note Holder resolution announced earlier today being approved, the maturity date of the Company's convertible notes has been extended to 1 March 2012.

The Company also confirms that the next interest payment on convertible notes which are Interest Bearing Notes will be made on 30 September 2011 in accordance with the details provided in the market release on 12 August 2011.

Set out below is the text of the resolution approved by Shareholders along with the proxy information.

Approval of amendment to Note Terms

To consider and, if thought fit, pass the following as an ordinary resolution:


That, subject to and conditional upon the Company obtaining Note Holder  approval of the Note Holder Resolution, for the purposes of ASX Listing Rule 7.1 and for all other purposes, Shareholders approve the modification of the definition of Maturity Date in clause 1.1 of the Note Terms by deleting  the words "1 September 2011" and inserting the words "1 March 2012" in their place.

Proxy information

Proxies to vote for ............................................................ 182,323,591
Proxies to vote against ......................................................... 1,249,692
Proxies to abstain ................................................................. 2,419,809
Proxies to vote at the proxy's discretion ............................... 7,500,626

This resolution was passed on a show of hands.

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