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AUSTAL LIMITED Earnings Release 2008

Aug 24, 2008

64429_rns_2008-08-24_aff9a8a9-bf16-4413-a84c-8c77a93ee31f.pdf

Earnings Release

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==> picture [141 x 83] intentionally omitted <==

COMPANY ANNOUNCEMENT / NEWS RELEASE 25 AUGUST 2008

AUSTAL FULL YEAR RESULTS

Austal Limited announces a record full year profit after tax of $52.27 million for the financial year ended 30 June 2008. A fully franked dividend of 13 cents per share is to be paid on 9 October 2008.

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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