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Press release from Business Wire

Cubic Announces Pricing of Secondary Public Offering by Selling Shareholders

Thursday, May 16, 2013

Cubic Announces Pricing of Secondary Public Offering by Selling Shareholders

09:00 EDT Thursday, May 16, 2013

SAN DIEGO (Business Wire) -- Cubic Corporation (NYSE: CUB) announced today the pricing of a previously announced secondary underwritten public offering of 2,315,000 shares of its common stock at a price to the public of $45.75 per share. All of such shares were offered by certain shareholders of Cubic, which shareholders are comprised of trusts created by Cubic's founder, Walter J. Zable, who passed away in 2012, and the selling shareholders will receive all of the net proceeds from the offering. The selling shareholders have granted the underwriters an option for 30 days to purchase up to 347,250 additional shares. The offering is expected to close on May 21, 2013, subject to the satisfaction of customary closing conditions.

J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers of the offering. Raymond James & Associates, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, Canaccord Genuity Inc., Needham & Company, LLC, RBC Capital Markets, LLC, Imperial Capital, LLC and The Benchmark Company, LLC are acting as co-managers of the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (SEC) on May 15, 2013. The offering is being made by the selling shareholders only by means of a prospectus, copies of which may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 (telephone: 866-803-9204) or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010 (telephone: 800-221-1037).

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, that involve risks and uncertainties, including statements related to the closing of the secondary public offering. These forward-looking statements are based upon Cubic's current expectations. Actual results or outcomes may differ materially from those expressed in any forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the offering, and other risks detailed in Cubic's filings with the SEC, and investors should not place undue reliance on any forward-looking statements. In addition, any forward-looking statement speaks only as of the date on which it is made, and Cubic undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law.

Cubic Corporation
Media:
John D. Thomas, 858-505-2989
or
Investors:
Diane Dyer, 858-505-2907

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