News Release   January 16 2004   Offshore Systems International Ltd. Notice of conference call Vancouver, Canada -- Offshore Systems International Ltd. (OSI) (TSX: OSI, OTCBB: OFSYF) will release its fiscal 2003 year end financial results after markets close on January 26, 2004, and will host a conference call on January 27, 2004. John Jacobson, President and Chief Executive Officer, will review the company’s financial and operating results for the fourth quarter and year ended November 30, 2003, provide an update on its strategic objectives and review its operations and marketing activities. A question and answer session will follow, at which time the operator will direct participants as to the correct procedure for submitting questions. You are invited to join the conference call on Tuesday, January 27, 2004 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) by calling 416-405-9328 or 1-800-387-6216. Please call in prior to the scheduled start to secure a line; you will then be put on hold until the conference call begins. A taped replay of the conference call will be available until Tuesday, February 3, 2004 at 11:59 p.m. Eastern Time by calling 416-695-5800 or 1-800-408-3053, reference number 1522739. A live audio webcast of the conference will be available at OSI’s website at www.osil.com and at www.financialdisclosure.ca. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be needed to hear the webcast. Following the meeting, the webcast will also be archived for 90 days. About Offshore Systems International Limited Offshore Systems International Ltd. (OSI) was founded in 1977 and is a leader in delivering products and systems for situational awareness. The company provides display systems and geo-spatial data for mission-critical applications to several defense and commercial customers. OSI conducts its operations through three business units: Geomatics (data production and distribution), Navigation Systems, and Applications (products and services for command and control systems). OSI’s common shares are listed for trading on the Toronto Stock Exchange (TSX: OSI) and OTC Bulletin Board (OTCBB: OFSYF). For more information, visit www.osil.com.   For more information contact: Jane Hayward Investor Relations +1 613 287 0462 or +1 888 880 9797 +1 613 287 0466 (FAX) invest@osigeospatial.com