Further Placing

Seeing Machines Limited
25 September 2007

                                       

25 September 2007


                            Seeing Machines Limited
                      ('Seeing Machines' or the 'Company')

                                Further Placing


Further to yesterday's announcement (24 September 2007) regarding a fund
raising, Seeing Machines (AIM: SEE), a leading developer of advanced computer
based imaging software systems, is pleased to announce the conclusion today of
the supplementary fund raising of £112,869.85 before expenses via the issue of
4,514,794 new Ordinary Shares at 2.5p per share through a placing (the 'Further
Placing') to directors and staff of the Company, conditional on shareholder
approval.


The Further Placing is in addition to the placing announced yesterday of up to
51,485,206 new ordinary shares at 2.5 pence per share (the 'Placing') and brings
the potential total of the funds raised in the combined placings to £1.4 million
before expenses, via the issue of up to 56,000,000 new ordinary shares at the
2.5p per share placing price.


Commenting on the two placings Fulton Muir, Chairman of Seeing Machines said '
The funds raised in this placing provide a solid base of working capital for the
company to accelerate the commercialization of our new product lines, including
the Driver State Sensor, faceAPI and the upcoming TrueField Analyzer. These
efforts comprise a central element of our strategy to transition the Company
from its history of development and net cash burn to self sustainability and to
use that as a platform to realize our significant commercial potential. The
placing has been fully subscribed, and at a placing price of 2.5 pence per share
it compares favourably with the prevailing mid-market price of 2.375 pence per
share.'


As announced yesterday a circular containing a Notice of Meeting convening a
General Meeting of the Company in Acton, ACT, Australia on 26 October 2007 for
the purpose of seeking the required shareholder approval for the two placings
has been posted to shareholders and is available from the investor pages of the
Company's web site www.seeingmachines.com. A presentation by the Company
provided to potential investors in the Placing is also available from those same
pages on the Company's website.


--- ENDS ---



Enquiries:

Seeing Machines Limited   Insinger de Beaufort   Parkgreen Communications
Nick Cerneaz, CEO         Peter Ward, Chris      Ben Knowles, Erica
                          Caldwell               Nelson
[phone]       [phone]   [phone]
www.seeingmachines.com


Notes to editors:


About Seeing Machines


Seeing Machines is an award winning Technology Company which focuses on vision
based human machine interfaces. Formed in 2000 in Canberra, Australia, Seeing
Machines' purpose is to commercialise its computer-vision across a range of
industries and applications.

Seeing Machines deliver advanced computer vision solutions for researches and
developers in human factors, transportation safety, computer human interaction,
robotics, medical research and psychology. The flagship product faceLAB(R)
provides an automated and contact-free gaze and head tracking technology, it
solves the problem of observing human behaviour naturally, non-intrusively and
with a high degree of accuracy and usability. Building on these unique face
tracking and pupil measurement and monitoring capabilities, the TrueField
Analyzer(R) is new medical device to assist clinicians detect and manage eye
diseases such as glaucoma.

The TrueField Analyzer(R) offers a new objective method to help doctors diagnose
and manage a range of eye diseases including glaucoma, age related macular
degeneration and diabetic retinopathy. Glaucoma affects about 2-3% of the
population over 40 years of age and is a leading source of blindness. Unlike
most other devices available to the clinician the TrueField Analyzer is a
completely objective test and it is quick and easy for patients and technicians
alike. The device measures both eyes concurrently and due to the reliability
that arises from the objective nature of the test, it has the potential to
become a new standard in the measurement of visual field defects and thus in the
diagnosis and management of disease such as glaucoma.

More generally Seeing Machines' computer vision systems are able to measure the
orientation and position of a human head, estimate eye-gaze direction, detect
eye blinks and track other facial features. This functionality is achieved
entirely though visual means, using video cameras connected to advanced image
processing software, with no attachments required on the subject. Products such
as faceLAB(R) are designed to allow human factors researchers and designers to
assess the interaction of an operator in an environment and this finds
application in designing operator environments, such as cockpits for cars,
trucks, trains, and aeroplanes for instance, and other industrial design
applications, as well as medical and psychological research situations. The
technology has been developed into the Driver State Sensor (DSS2) product for
application in monitoring vehicle drivers and if it detects drowsiness (fatigue)
or that the driver is distracted and their attention has been diverted from the
road, alarms are raised to alert the driver to these events. In larger
deployments, such as in fleet and mining equipment operations, the data is
available in both real-time and off-line modes for fleet management, driver
training and awareness programs

The systems work in real-time, enabling the behaviour of subjects to be tracked
in real-time. This technology is paving the way in promoting safer driving
conditions and works to enhance the driving experience and to eliminate
accidents caused through driver drowsiness or distraction.

There are many different sectors that can benefit from this revolutionary
software, for which it has been developed, including: automotive; academic
research; medicine/healthcare; defence; autostereoscopy (next generation
displays); sport; and games.



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