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AUSTAL LIMITED Earnings Release 2007

Aug 26, 2007

64429_rns_2007-08-26_72cce065-f8fa-4ae0-9c6e-4473c4f30845.pdf

Earnings Release

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COMPANY ANNOUNCEMENT / NEWS RELEASE 27 AUGUST 2007

AUSTAL FULL YEAR RESULTS

Austal Limited announces a full year profit after tax of $45.8 million for the financial year ended 30 June 2007. A fully franked dividend of 12 cents per share is to be paid on 11 October 2007.

Austal Executive Chairman John Rothwell commented, “Our focus on strategically developing the company sees us finish the year with expanded shipyard capacity in Australia and strong leadership for our US operations.”

“With the building blocks in place for continued expansion and improvement in our operations we are pleased to report a strong order book and healthy inquiry levels for vessels across all our product categories.”

ENDS

For further information: John Rothwell, Chairman, Austal Limited or Greg Metcalf, Finance Manager Tel: 08 9410 1111, Fax: 08 9410 2564 www.austal.com

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