AUSTAL LIMITED — Director's Dealing 2024

Oct 21, 2024

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	RICHARD VAUGHN SPENCER
Date of last notice	16 July 2024

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 interest
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	14 October 2024
No. of securities held prior to change	Directorhadbeenadvisedbyhis
	nominated United States pension fund
	that he held 16,523 ordinary shares (as
	shown in last notice). This was incorrect –
	the pension fund was in fact holding 16,523
	US Over the Counter AUTLF share options
	which are not sponsored by the Company
	and are traded on secondary markets.
	Director has disposed of the 16,523 US OTC
	AUTLF options.
Class	Ordinary shares
Number acquired	1,000,000 ordinary shares
Number disposed

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$2,927,600
No. of securities held after change	1,000,000 Ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Off market purchase pursuant to a ShareSale and Purchase Agreement; althoughthe Share Sale and Purchase Agreementwas executed on 14 October 2024, thepurchase and transfer of the securitiesremains subject to requisite ForeignInvestment Review Board (FIRB) approvalas the Director is a foreign (United States)national who is also the Chairman of theCompany and pursuant to regulation 16(c)of the_Foreign Acquisitions and Takeovers_Regulation 2015(Cth), FIRB approval isrequired for the purchase of shares in theCompany where the Director is in aposition to:a) influence or participate in thecentral management and control ofthe Company; orb) influence,participateinordeterminethepolicyoftheCompany.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 abovetraded during a+closed period where prior written clearancewas required?	No.
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/a
If prior written clearance was provided, on what date was thisprovided?	n/a

Austal Limited ABN 73 009 250 266

Adrian Strang Company Secretary

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3