24 November 2021

Seeing Machines Limited

("Seeing Machines", the "Company")

Issue of Equity

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that following the release of its annual results for the 12 months to 30 June 2021 earlier today, it has issued and allotted 18,181,818 ordinary shares (the "New Shares") to Lombard Odier Asset Management (Europe). Lombard Odier Asset Management (Europe)'s intention to apply for the New Shares was highlighted in the Company's recent equity fundraising, details of which were first announced on 22 November 2021 (the "Fundraise").

The participation by Lombard Odier Asset Management (Europe) in the Fundraise constitutes a related party transaction for the purposes of the AIM Rules. The independent directors of the Company (for these purposes being Kate Hill, Paul McGlone, John Murray, Gerhard Vorster and Yong Kang Ng), having consulted with the Company's nominated adviser, Stifel, consider that the terms of the related party transaction are fair and reasonable insofar as shareholders are concerned.

An application has been made for the New Shares to be admitted to trading on the AIM Market on or around 30 November 2021 ("Admission").

Total Voting Rights

Following Admission, the total issued share capital of the Company will be 4,152,741,296 Ordinary Shares with no Ordinary Shares held in treasury. Therefore, the total number of voting rights in the Group post Admission will be 4,152,741,296 and this figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in Seeing Machines.

Enquiries:

About Seeing Machines Limited:

Seeing Machines (LSE: SEE), a global company founded in 2000 and headquartered in Australia, is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. Seeing Machines' technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators. The technology spans the critical measurement of where a driver is looking, through to classification of their cognitive state as it applies to accident risk. Reliable "driver state" measurement is the end-goal of Driver Monitoring Systems (DMS) technology. Seeing Machines develops DMS technology to drive safety for Automotive, Commercial Fleet, Off-road and Aviation. The company has offices in Australia, USA, Europe and Asia, and supplies technology solutions and services to industry leaders in each market vertical.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.