Metal Storm Ltd. reported consolidated earnings results for the half year ended June 30, 2009. For the period, the company reported loss and loss before income tax of AUD 7,376,627 or 1.2 cents per basic and diluted share on revenue of AUD 828,175 compared to loss and loss before income tax of AUD 3,387,184 or 0.06 cents per basic and diluted share on revenue of AUD 1,131,500 for the same period a year ago. Total comprehensive loss for the half year was AUD 7,350,650 against AUD 3,373,953 for the same period a year ago. Net cash flows used in operating activities was AUD 4,642,486 compared to AUD 4,496,292 for the same period a year ago. Purchase of property, plant & equipment was AUD 77,427 compared to AUD 10,686 for the same period a year ago.

On 06/30/2009, Metal Storm Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.

Metal Storm Ltd., Annual General Meeting, Jul 31, 2009, at 14:00 AUS Eastern Standard Time. Location: Cairns Room, Management House, Australian Institute of Management, Cnr Boundary & Rosa Streets, Spring Hill, Brisbane,Australia. Agenda: To approve amendments to the existing note terms; to approve the issue of up to 101,677,389 unquoted options to eligible note holders who elect to hold secured notes; to approve the issue of up to 176,720,447 quoted options to eligible option holders; and to approve of issue of quoted options to O'Dwyer related parties.