AUSTAL LIMITED — M&A Activity 2010

Nov 7, 2010

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COMPANY ANNOUNCEMENT 8 November 2010

AUSTAL ANNOUNCES PURCHASE OF SYSTEMS INTEGRATOR, ATI

Austal, Australia’s leading shipbuilder and the world’s largest designer and builder of high performance alumiunium vessels for the defence and commercial markets, today announced that agreement had been reached to acquire Canberra based Australian Technology Information Pty Ltd (ATI).

ATI is an Australian company that provides specialised services to the Australian Defence Forces including systems engineering and integration, information technology, verification and validation systems and deployable tactical command centres.

Commenting on the purchase Austal Chairman John Rothwell said, “This is a strategic acquisition which further enhances Austal’s capability as a defence prime contractor”.

Having recently delivered patrol boats to the Queensland Police, the Trinidad & Tobago Coast Guard and the Defence Forces of Malta, Austal is currently completing its second Littoral Combat Ship (USS Coronado) for the US Navy and is constructing the first two of a five vessel order of 103 metre catamaran Joint High Speed Vessels for the US Department of Defence.

Austal is also a contender for the award of contract to supply 8 x 45 metre patrol boats to the Australian Customs Service to replace the highly successful Bay Class patrol boats that were delivered to Customs by Austal in 2000. Tenders have been lodged and a winner is expected to be selected in April 2011.

In financial year 2010 ATI turnover totalled A$ 6.1 million.

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About Austal

Austal is the world leader in the design and construction of customised, high performance aluminium vessels for both commercial and defence applications. With shipyards in Western Australia and the USA (Mobile, Alabama), Austal has delivered more than 220 vessels for customers around the world.

Established in Western Australia in 1988, Austal’s product range includes passenger and vehicle‐passenger ferries, patrol boats, theatre support vessels, combat ships, multi‐role vessels and luxury private live‐aboards. Austal is also an established provider of worldwide vessel maintenance and management services.

For further information contact:

Austal Public relations Tel: +61 8 9410 1111 Fax: +61 8 9410 2564 Email: pubrel@austal.com Website: www.austal.com

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