AUSTAL RESPONSE TO CIVMEC OPV ANNOUNCEMENT

MEDIA RELEASE
16 APRIL 2018

Austal today confirmed the commercial negotiation process with Lurssen is still ongoing. Austal was brought into negotiations with Lurssen by the Government in order to use all the capabilities which are available in Henderson for the OPV project.

“The Government appointed a highly respected and experienced engineering executive to facilitate the process to ensure the best outcome for the project is achieved” Austal CEO David Singleton said.

“As Australia’s most experienced patrol boat builder, we offer a wealth of experience in program management, design through build management and a highly experienced and skilled workforce” Mr Singleton said.

“Our Henderson operations currently comprise two facilities, one at Hope Valley Road that is dedicated to the Pacific Patrol Boat project and our Head Quarters at Henderson is currently building a 109m Fast Speed Catamaran for a European customer. When that vessel launches later this year we will begin construction on a 117m trimaran for another European customer. This is a really exciting time for our Henderson operation” Mr Singleton said.

“We have recently committed six million dollars in capital expenditure to upgrade our Henderson operations.”

“Our Henderson launch facilities will be developed to facilitate larger vessel construction at these facilities. There will also be a number of various upgrade activities to support improved efficiency across the operations.” Mr Singleton said.

Austal’s Henderson Operations since its founding in 1988 have operated as the Company’s global headquarters. Henderson is home to Austal’s 120 strong naval design team as well as the research and development capability that drives the commercial operations of the Austal group globally.

Austal Media Contact

Contact: Gemma Whiting - Government Relations Manager

Mobile: +61 (0)408 982 727

Email: gemma.whiting@austal.com

Website: www.austal.com

About Austal

Austal is an Australian shipbuilder and global defence prime contractor which designs constructs and sustains some of the world’s most advanced commercial and defence vessels.

Austal successfully balances commercial and defence projects and celebrates 30 years of success in 2018.  Austal has designed, constructed and delivered more than 300 commercial and defence vessels for more than 100 operators in 54 countries worldwide.

Austal is Australia’s largest defence exporter and the only ASX-listed shipbuilder. Austal has industry leading shipyards in Australia, the United States of America and Philippines and service centres worldwide.

Austal delivers iconic monohull, catamaran and trimaran commercial vessel platforms – including the world’s largest trimaran ferry and multiple defence programs such as the Littoral Combat Ship (LCS) and Expeditionary Fast Transport (EPF) for the United States Navy. Austal has grown to become the world’s largest aluminium shipbuilder.