AUSTAL LIMITED — Board/Management Information 2013

Jan 14, 2013

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COMPANY ANNOUNCEMENT 15 JANUARY 2013

AUSTAL APPOINTS CHIEF FINANCIAL OFFICER

Austal is pleased to announce the promotion of Mr Greg Jason to the position of Chief Financial Officer.

Mr Jason is currently Austal’s Chief Operating Officer – Asia and replaces Interim Chief Financial Officer, Michael Atkinson. The two will work closely together during a six month transition period.

Austal’s Chief Executive Officer, Andrew Bellamy, said the appointment would ensure current, indepth operational experience was retained in the CFO position and reflected Mr Jason’s financial experience and exemplary performance in leadership roles within Austal.

“Since joining Austal six years ago, Greg has made significant contributions to our business in increasingly senior roles, initially in helping to shape our long term strategies and most recently in the highly successful acquisition and activation of our Philippines shipyard,” he said.

“He already understands Austal at the macro and micro level, and that understanding will be further enhanced by working alongside Mike Atkinson in the months to come. This will enable us to continue to steadily implement our strategic initiatives. We are very pleased to have had such a strong internal candidate to fill this important role.”

Mr Jason joined Austal as Executive Manager – Business Development in 2007. In that role he oversaw a comprehensive review of the company’s activities that was influential in developing Austal’s current strategies. He was subsequently instrumental in implementing two of those strategies, namely:

• expanding Austal’s international vessel support business through the establishment of Austal’s first European Service Centre in May 2010; and

• regionalising the company’s manufacturing base for commercial vessels through the acquisition of the Philippines Shipyard Operations.

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Mr Jason has been managing the development and activation of the Philippines operation since its acquisition in November 2011. He has been a member of Austal’s Executive Management team since 2008, with responsibility for strategy, long term planning, global expansion and technology transfer to new international operations.

Prior to joining Austal Mr Jason held finance and commercial positions with large manufacturing and mining companies including Iluka Resources, Western Mining Corporation (WMC) and Ford Australia.

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About Austal

Austal is a global defence prime contractor. The Company designs, constructs and maintains revolutionary platforms such as the Littoral Combat Ship (LCS) and the Joint High Speed Vessel (JHSV) for the United States Navy, as well as an extensive range of patrol and auxiliary vessels for defence forces and government agencies globally. Austal also designs, installs, integrates and maintains sophisticated communications, radar and command and control systems.

Austal benefits from its position as a world leader in the design, construction and support of customised, high performance aluminium vessels for the commercial high speed ferry market, an achievement gained over a period of nearly 25 years.

Austal’s primary facilities comprise a dedicated defence shipyard in Henderson, Western Australia; a dedicated defence shipyard in Mobile, Alabama; and a dedicated commercial shipyard in Balamban, Philippines. The Company also provides vessel support services from its facilities in Australia, the United States, Asia, Europe, the Caribbean, and the Middle East. Systems development, sales and support are coordinated from Austal’s facility in Canberra, Australia.

For further information contact:

Austal, Public Relations Tel: +61 8 9410 1111 Fax: +61 8 9410 2564 Email: pubrel@austal.com Website: www.austal.com

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