Electro Optic Systems Holdings Limited (ASX:EOS) Appoints Kevin Scully as Non Executive Director

Sydney, Sep 19, 2011 AEST (ABN Newswire) - Electro Optic Systems Holdings Limited (ASX:EOS) is pleased to announce that Mr Kevin Norbert Scully has joined the Board of the Company as a non executive director effective from 19 September 2011.

Kevin Scully has more than 26 years of experience in equities research and analysis, corporate advisory and related matters, having worked for more than 12 years in various positions such as the head of research of [Schroder Securities (Singapore) Pte Ltd] and director of [Schroder Asia Securities (Hong Kong) Limited] and the last 11 years in the Netresearch group.

From 1982 to 1984, Kevin Scully was a foreign service officer in the regional and economic division of the Ministry of Foreign Affairs of Singapore.

Kevin Scully started his career in the finance sector in 1984 as an investment analyst in Lyall & Evatt (Pte) Ltd and remained so till 1986.

Kevin Scully joined Schroder Securities (Singapore) Pte Ltd, a licensed dealer in securities, as an investment analyst with a focus on the media, food, property and plantation sectors for the Singapore and Malaysian stock markets from 1986 to 1989. He was subsequently promoted and served as head of research of Schroder Securities (Singapore) Pte Ltd from 1989 to 1998.

In 1995, Kevin Scully also assumed the position of managing director of Schroder Securities (Singapore) Pte Ltd and was responsible for, inter alia, broking operations in Singapore and research operations in Malaysia and Thailand. He was also appointed as director of Schroder Securities Asia (HK) Ltd, the regional base of the stock-broking business of the Schroder group for the region of Asia excluding Japan, in 1995 and served as such till 1998.

Kevin Scully left the Schroder group in 1998 and assumed the role of director and head of research at UOB Kay Hian Research Pte Ltd till July 1998.

Between October 1998 and June 1999, Kevin Scully oversees and manages the research operations of HSBC Securities (Singapore) Pte Limited as its director and head of research.

Kevin Scully founded Netresearch Asia Holdings Pte Ltd ("Netresearch") in July 1999 as an independent investment research company. Kevin Scully is also an executive director of companies related to Netresearch, which includes, inter alia, NRA Capital Pte Ltd ("NRA") and Hazelite Holdings Pte Ltd. The Netresearch group of companies provide, inter alia, corporate finance advisory services on mergers and acquisitions, equities offerings and corporate restructuring.

Kevin is an advisor to two regulatory authorities of the Singapore Government (Commercial Affairs Department and the Monetary Authority of Singapore) since 1999.

Kevin Scully is currently a member of the Endowment Fund Investment Committee & Strategic Finance Committee of his alma mater, St Joseph's Institution. He is also a member of the Investment Committee of the SIM Group and Chairman of the Audit Committee of the Eurasian Association.

Kevin Scully had previously been appointed as a non-executive director of GRP Limited (SIN:G18) and Rotol Singapore Ltd (both of which are currently listed on the main board of the SGX-ST). He is currently an Independent Director and Chairman of the Audit Committee of PNE Micron Holdings Limited. Kevin Scully holds a Bachelor of Social Science (Honours) in Economics from the National University of Singapore.

Contact

Fred Bart Chairman Tel: +61-2-9233-3915 Fax: +61-2-9232-3411 http://www.eos-aus.com