Issue of Equity

Seeing Machines Limited
21 September 2006

21 September 2006



EXERCISE OF OPTIONS

Seeing Machines Limited (the 'Company')



The Company announces that on 20 September 2006 the board resolved to allot
292,398 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 256,164,929.



Application will be made for the new ordinary shares to be admitted to AIM and
it is expected that dealings in the new ordinary shares will commence on 27
September 2006.



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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