Issue of Equity

Seeing Machines Limited
20 December 2005

20 December 2005



EXERCISE OF OPTIONS
Seeing Machines Limited (the 'Company')



The Company announces that on 20 December 2005 it will issue and allot 319,152
new ordinary shares, following the exercise of options under the Employee Share
Scheme. The exercise price for these options is A$0.0513 per share.



Following the issue of these shares the issued ordinary share capital of the
Company will be 255,377,483.



Application will be made for the new ordinary shares to be admitted to AIM,
which is expected to commence on 28 December 2005.


Enquiries:


Seeing Machines Limited       Insinger de Beaufort      Parkgreen Communications
Nick Cerneaz, CEO             Simon Fox                 Justine Howarth /
                                                        Victoria Thomas
[phone]           [phone]      [phone]

www.seeingmachines.com







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