Exhibit 99.7
 Appendix 3B
 
 300Rule 2.7, 3.10.3, 3.10.4, 3.10.5
 Appendix 3B
 New issue
announcement, application for quotation of additional
securities and agreement
 Information or
documents not available now must be given to ASX as soon as available.
Information and documents given to ASX become ASXs property and may be made
public.
   Metal Storm Limited
  99 064 270 006
  Part 1  All
issues
 You must complete the
relevant sections (attach sheets if there is not enough space).
 1
    
    +Class of
+securities issued or to be
issued
    
    

Ordinary Shares2
    
    Number of +securities issued or to be issued
(if known) or maximum number which may be
issued
    
    
    5,536,0963
    
    Principal terms of the +securities (e.g. if
options, exercise price and expiry date; if
partly paid +securities, the amount
outstanding and due dates for payment; if
+convertible securities, the conversion price
and dates for conversion)
    
    
    5,536,096 fully paid ordinary shares that rank equally in all respects with existing ordinary shares.
 + See chapter 19 for defined
terms.24/10/2005
    
    Appendix 3B  Page 1




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Appendix 3B
 
 4
    
    Do the +securities rank equally in all
respects from the date of allotment with an
existing +class of quoted +securities?
 
If the additional securities do not rank
equally, please state:
    the date from which they
do
    the extent to which they
participate
for the next dividend, (in the case of a
trust, distribution) or interest payment
    the extent to which they do
not rank
equally, other than in relation to the next
dividend, distribution or interest payment
    
    
    YesIssue price or consideration
    
    
    $0.005 per share6
    
    Purpose of the issue
(If issued as consideration for the
acquisition of assets, clearly identify those
assets)
    
    
    Shares were issued
pursuant to an equity line agreement.  The funds raised will be used
for working capital to continue the development and testing of the
Companys current products.7
    
    Dates of entering +securities into
uncertificated holdings or despatch of
certificates
    
    
    21 June 2011Number
    
    
    +Class8
    
    Number and +class of all +securities
quoted on
ASX (includingthe securities in clause 2 if
applicable)
    
    
    1,966,067,829
        107,399,299

        32,359,237

        27,856,846
    
    
    Ordinary Shares
        Secured Conv. Notes
        Interest Bearing Conv. Notes
        Options 1 Sept 2011
 + See chapter 19 for defined
terms.24/10/2005
    
    Appendix 3B  Page 2




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##### 



Appendix 3B
 
 Number
    
    
    +Class9
    
    Number and +class of all +securities not
quoted on ASX (includingthe securities in
clause 2 if applicable)
    
    
    1,508,394,888
    
    
    Unquoted Options10
    
    Dividend policy (in the case of a trust,
distribution policy) on the increased capital
(interests)
    
    
    N/A
 Part 2  Bonus
issue or pro rata issue
 11
    
    Is security holder approval required?12
    
    Is the issue renounceable or non-renounceable?13
    
    Ratio in which the +securities will be
offered14
    
    +Class of +securities to which the offer
relates15
    
    +Record date to determine entitlements16
    
    Will holdings on different registers (or
sub-registers) be aggregated
for calculating entitlements?17
    
    Policy for deciding entitlements in relation to
fractions18
    
    Names of countries in which the entity has
+security holders who will
not be sent new issue documents
 
Note: Security holders must be told how their entitlements are to be
dealt with.
 
Cross reference: rule 7.7.19
    
    Closing date for receipt of acceptances or
renunciations20
    
    Names of any underwriters
 + See chapter 19 for defined
terms.24/10/2005
    
    Appendix 3B  Page 3




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##### 



Appendix 3B
 
 21
    
    Amount of any underwriting fee or commission22
    
    Names of any brokers to the issue23
    
    Fee or commission payable to the broker to the
issue24
    
    Amount of any handling fee payable to brokers who
lodge acceptances or
renunciations on behalf of +security holders25
    
    If the issue is contingent on +security
holders approval, the date of
the meeting26
    
    Date entitlement and acceptance form and
prospectus or Product
Disclosure Statement will be sent to persons entitled27
    
    If the entity has issued options, and the terms
entitle option holders
to participate on exercise, the date on which notices will be sent to
option holders28
    
    Date rights trading will begin (if applicable)29
    
    Date rights trading will end (if applicable)30
    
    How do +security holders sell their
entitlements in fullthrough a
broker?31
    
    How do +security holders sell partof
their entitlements through a
broker and accept for the balance?32
    
    How do +security holders dispose of their
entitlements (except by sale
through a broker)?33
    
    +Despatch date
 + See chapter 19 for defined
terms.24/10/2005
    
    Appendix 3B  Page 4




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##### 



Appendix 3B
 
 Part 3 
Quotation of securities
 You need only complete
this section if you are applying for quotation of securities
 34
    
    Type of securities
(tick one)(a)
    
    þ
    
    Securities described in Part 1(b)
    
    o
    
    All other securitiesExample: restricted securities at the end of the
escrowed period,
partly paid securities that become fully paid, employee incentive
share securities when restriction ends, securities issued on expiry or
conversion of convertible securities
 Entities that have
ticked box 34(a)
 Additional securities
forming a new class of securities
 Tick to indicate you
are providing the information or documents
 35
    
    o
    
    If the +securities are +equity
securities, the names of the 20 largest
holders of the additional +securities, and the number and percentage
of additional +securities held by those holders36
    
    o
    
    If the +securities are +equity
securities, a distribution schedule of
the additional +securities setting out the number of holders in the
categories
1  1,000
1,001  5,000
5,001  10,000
10,001  100,000
100,001 and over37
    

o
    
    A copy of any trust deed for the additional
+securities
 + See chapter 19 for defined
terms.24/10/2005
    
    Appendix 3B  Page 5




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##### 



Appendix 3B
 
 Entities that have
ticked box 34(b)
 38
    
    Number of securities for which +quotation is
sought39
    
    Class of +securities for which quotation is
sought40
    
    Do the +securities rank equally in all
respects from the date of allotment with an
existing +class of quoted
+securities?
If the additional securities do not rank
equally, please state:      the
date from which they do
     the extent to which they
participate
for the next dividend, (in the case of a
trust, distribution) or interest payment
     the extent to which they do
not rank
equally, other than in relation to the next
dividend, distribution or interest payment41
    
    Reason for request for quotation now
 
Example: In the case of restricted securities,
end of restriction period
 
(if issued upon conversion of another
security, clearly identify that other
security)
 Number
    
    
    +Class42
    
    Number and +class of all +securities
quoted on
ASX (includingthe securities in clause 38)
 + See chapter 19 for defined
terms.24/10/2005
    
    Appendix 3B  Page 6




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##### 



Appendix 3B
 
 Quotation
agreement
 1
    
    +Quotation of our additional +securities is in ASXs absolute
discretion. ASX may quote the
+securities on any conditions it decides.2
    
    We warrant the following to ASX.
 
    
    The issue of the +securities to be quoted complies with the law and is
not for an
illegal purpose.
    
    There is no reason why those +securities should not be granted
+quotation.
    
    An offer of the +securities for sale within 12 months after their issue
will not require disclosure under section 707(3) or section 1012C(6) of the
Corporations Act.Note: An entity may need to obtain appropriate warranties from subscribers
for the
securities in order to be able to give this warranty
    
    Section 724 or section 1016E of the Corporations Act does not apply to
any
applications received by us in relation to any +securities to be quoted and
that
no-one has any right to return any +securities to be quoted under sections 737,
738 or
1016F of the Corporations Act at the time that we request that the +securities
be
quoted.
    
    If we are a trust, we warrant that no person has the right to return the
+securities to be quoted under section 1019B of the Corporations Act at the
time that
we request that the +securities be quoted.
 3
    
    We will indemnify ASX to the fullest extent permitted by law in respect of
any claim, action
or expense arising from or connected with any breach of the warranties in this
agreement.4
    
    We give ASX the information and documents required by this form. If any
information or
document not available now, will give it to ASX before +quotation of the
+securities begins.
We acknowledge that ASX is relying on the information and documents. We warrant that
they are
(will be) true and complete.
 Sign here:
    
    /s/ B Farmer
    
    Date:
    
    22/06/2011(Director / Company
Secretary)Print name:
    
    Brett Farmer
 + See chapter 19 for defined
terms.24/10/2005
    
    Appendix 3B  Page 7




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##### 



(METAL STORM LOGO)
    
    METAL STORM LIMITED
ABN 99 064 270 006
 Unquoted Options
 The outstanding balance at 21 June 2011 is represented by:
 ExerciseExpiry Date
    
    Price
    
    Number of Options30-Jun-11
    
    $
    0.400
    
    
    
    818,7502-Jul-11
    
    $
    0.010
    
    
    
    5,000,00030-Sep-11
    
    $
    0.400
    
    
    
    125,00027-Oct-11
    
    $
    0.400
    
    
    
    506,25031-Dec-11
    
    $
    0.400
    
    
    
    193,75023-Feb-12
    
    $
    0.018
    
    
    
    101,062,4258-Mar-12
    
    $
    0.180
    
    
    
    1,000,00031-Mar-12
    
    $
    0.400
    
    
    
    193,75030-Jun-12
    
    $
    0.400
    
    
    
    193,75024-Sep-12
    
    $
    0.001
    
    
    
    35,215,40330-Sep-12
    
    $
    0.400
    
    
    
    193,75031-Dec-12
    
    $
    0.400
    
    
    
    168,75011-Feb-13
    
    $
    0.035
    
    
    
    8,000,00031-Mar-13
    
    $
    0.400
    
    
    
    168,75016-Apr-13
    
    $
    0.035
    
    
    
    4,268,81130-Jun-13
    
    $
    0.400
    
    
    
    168,75013-Sep-13
    
    $
    0.015
    
    
    
    1,351,116,9991,508,394,888