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Nigel Bryant, New Managing Director, to Lead Cubic’s UK-European Transportation Subsidiary

SAN DIEGO, December 11, 2003 – Nigel Bryant has been named managing director of Cubic Transportation Systems Limited, the UK-based subsidiary and European headquarters of San Diego-based Cubic Corporation’s (AMEX:CUB) mass transit fare collection operations.
Bryant, who joined Cubic in 1987, most recently served as senior vice president, customer services, with responsibility for managing the development, sales and implementation of all Cubic service offerings worldwide, including system installation, training, technical support, 24/7 call center data management, inventory management, warranty programs, maintenance and extended service packages.

In addition, Bryant served as managing director of Cubic’s Australian operations and was part of the successful project team that recently won a $95 million contract to design, build, operate and maintain the first smart card-based integrated ticketing system and regional services for public transport in South East Queensland, Australia.

“Based upon the success that he has brought to the company, Nigel has been given the additional responsibility of running our UK and European systems and services business, two key markets essential to the continued growth of this company,” said Richard Johnson, president and chief executive officer, Cubic Transportation Systems, Inc. “His expanded charter is to leverage Cubic’s position in London throughout the entire country and win new systems and service contracts on the continent, specifically Copenhagen, Scandinavia, Berlin and other German markets.”

While Bryant will retain the responsibility for global customer services for the time being, his managing role in Australia is being transitioned to Marty Turock, senior vice president, sales and marketing for North America, Asia and Australia.

When Bryant first joined the company in 1987, his role was to create a maintenance organization in support of the company’s contract for the London Underground fare collection system. He was named director of Cubic’s European customer service base in 1993.

Bryant’s more than 30 years of experience in customer services and sales covers several industries, including traffic management, power generation, submarine cable and the oil industry. In addition to the UK, he has worked extensively throughout Europe, Africa, the Middle East and the Far East.

Cubic Transportation Systems is the world’s leading system provider for regional multi-operator intermodal ticketing systems. Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems in more than 40 major markets on five continents, including London; New York; Washington, D.C.; Baltimore; Sydney; counties in Sweden, Norway, and Denmark; Rotterdam; Chicago; Atlanta; San Francisco; Los Angeles; Miami; Hong Kong; Guangzhou; Shanghai; and Singapore.

The corporation’s other major segment, Cubic Defense Applications, provides instrumented air and ground combat training systems, battle command training, simulations and simulation support for U. S. and allied military forces. The group also produces high technology avionics, data links and communications products for government and commercial customers, and a wide range of technical and logistics services. For more information about Cubic, see the company’s web site at www.cubic.com.
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