BRISBANE, 20 November, 2009 – Metal Storm Limited (ASX trading...

BRISBANE, 20 November, 2009 – Metal Storm Limited (ASX trading code: MST, OTC Symbol:
MTSXY).
Metal Storm has previously announced the signing of an Equity Subscription Agreement and a
Loan Facility Agreement for an investment of US$35 million by Assure Fast Holdings Limited
BVI (AFHL).
The First Tranche of approximately AU$2.1million (US $1.925 million) of Capital was initially
scheduled to close on 3 November but had been extended subsequently until Thursday 19
November.
The Board has now extended the finalisation of the Subscription Agreement and related matters
until close of business Monday 23 November. The matters to finalise the Agreement are now in
place and the First Tranche payment for new equity of $2.1M is expected today, Friday 20
November, but no later than close of business Monday. The timing depends only on Bank
transfer requirements.
The Company is closely controlling its expenditure and resources. Its cash position is very low
and is being monitored daily.

IF we can believe it, some money should be coming in today!