AUSTAL LIMITED — Major Shareholding Notification 2010

Aug 19, 2010

Form 605

Corporations Law Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Austal LimitedNPV	Austal LimitedNPV
ABN/ARSN	73 009250266
1. Details of substantial holder
(1)
Name	Schroder Investment Management Australia Limited
ABN/ARSN (if applicable)	22 000 443 274
Theholderceased to be a substantial holderon		13/08/2010
The previous notice was given to the company on		14/07/2010
The previous notice was dated		08/07/2010
2. Changes in relevant interests
Particulars of each change in, or	change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the
company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
Date of change	Person whoseNature of		Consideration		Class (6) and	Person’s voted
	relevant interestchange (4)		given in relation to		number of	affected
	changed		change (5)		securities affected
09/07/2010 –13/08/2010	SIMAL	Sale	288,801.8		125,566	125,566
09/07/2010 –13/08/2010	SIMALPurchase		35,705.25		15,869	15,869
3. Changes in association
The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial
holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Schroder Investment Management(Australia)Limited (“SIMAL”)	Related Fund Manager

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Schroder Investment Management(Australia)Limited(“SIMAL”)	Level 20 Angel Place, 123 Pitt Street, Sydney, 2000, Australia