gem termination agreement finalised

METAL STORM LIMITED
ACN 064 270 006

GEM Termination Agreement Finalised

Brisbane, Australia Monday, 13 September 2010: Metal Storm Limited (ASX trading code: MST,
OTC Symbol: MTSXY).
Metal Storm announced on 22 June 2010 that it had agreed with Global Emerging Markets (GEM) to
terminate the equity line of credit facility agreement between the parties. The Company now advises
that it has finalised the terms of the termination of the agreement with GEM.
Metal Storm confirms that, as foreshadowed in the Rights Issue Prospectus dated 3 August 2010, the
terms include the repayment of funds that were advanced under a draw down which did not proceed.
This amount will be paid out of Metal Storms existing cash reserves without the need to use any funds
raised under the Rights Issue.
Before the parties agreed to terminate the facility, Metal Storm successfully completed two draw
downs.
ENDS