AUSTAL LIMITED — Director's Dealing 2013

Nov 25, 2013

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

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.

Introduced 30/09/01 Amended 01/01/11

Name of entity	AUSTAL LIMITED
ABN	73 009 250 266

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	ANDREW MARTIN BELLAMY
Date of last notice	27/09/2013

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	26/11/2013
No. of securities held prior to change	195,190 ordinary shares.
Class	Ordinary shares and performance rights
Number acquired	371,738 ordinary shares and up to 287,313performance rights.
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Total: $308,542 in respect of ordinaryshares only (average security value: $0.83)
No. of securities held after change	566,928 ordinary shares;287,313 performance rights.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Ordinary shares issued in satisfaction of Example: on-market trade, off-market trade, exercise of options, the share-based remuneration component issue of securities under dividend reinvestment plan, participation in buy-back of Mr. Bellamy’s employment contract and as approved by shareholders at the company’s AGM on 25 October 2013. Performance rights issued in accordance with the resolution approved by shareholders at the company’s AGM on 30 November 2012, the accompanying notice of meeting and the Austal Limited Long Term Incentive Plan.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

==> picture [434 x 314] intentionally omitted <==

----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this N/A provided?

Austal Limited ABN 73 009 250 266

Adrian Strang Company Secretary

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3