AUSTAL LIMITED — Director's Dealing 2020

Sep 2, 2020

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	DAVID PATRICK ALEXANDER SINGLETON
Date of last notice	13/9/2019

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 relevant interest.	Registered holder – issue of equity rights pursuant to Company’s Long Term Incentive Scheme
Date of change	2 September 2020
No. of securities held prior to change	1,222,721
Class	Ordinary shares
Number acquired	1,455,889
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Value: $4,874,316.37 at a VWAP of $3.348 per share
No. of securities held after change	2,678,610 (including 28,600 shares held indirectly)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of shares following vesting and exercise of share rights under Company’s Long Term Incentive Plan approved by shareholders in 2018, Short Term Incentive plans approved in 2019 and fixed equity-based remuneration approved in 2018.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Austal Limited ABN 73 009 250 266

Adrian Strang Company Secretary

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011