AUSTAL DELIVERS FIRST OF TWO HIGH SPEED PASSENGER FERRIES TO 2GO PHILIPPINES

COMPANY ANNOUNCEMENT

19 JUNE 2017

AUSTAL DELIVERS FIRST OF TWO HIGH SPEED PASSENGER FERRIES

TO 2GO PHILIPPINES

Austal Limited (Austal) (ASX:ASB) is pleased to announce that the first of two 30 metre high speed passenger ferries for the 2Go Group has been delivered, on-time and on-budget in the Philippines.

Austal was awarded the A$13 million contract for the Incat Crowther designed catamarans in June 2016 and construction has been completed at the Austal Philippines shipyard in Balamban, Cebu.

Austal Chief Executive Officer David Singleton said the delivery highlights Austal’s proven capability to work successfully with external designers to meet customer requirements.

“Austal continues to develop effective relationships with third party designers, such as Incat Crowther, to deliver customer vessels around the world.

“Commercial programs such as 2Go, Seaspovill and Swire Pacific Offshore in the Philippines and the 70 metre Caspian Marine Services Offshore Crew Transfer Vessel built here in Australia, demonstrate Austal’s clear capability to work successfully with external designers and bodes well for our joint venture with Fassmer and the upcoming Offshore Patrol Vessels,” Mr Singleton said.

Transporting up to 300 passengers at up to 25 knots, the Saint Camael has joined 2Go’s popular ‘Supercat’ fast ferry fleet and will operate five times a day between Cebu and Ormoc on Leyte Island in the Philippines Archipelago.

Austal Philippines is currently constructing a 50 metre high speed passenger ferry for Seaspovill of South Korea and a 56 metre high speed passenger ferry for FRS of Germany.

The second 30 metre high speed catamaran ferry for 2Go is currently completing acceptance trials and is on schedule for delivery in July 2017.

The 30 metre Saint Camael, one of two high speed passenger ferries constructed by Austal Philippines for 2Go of the Philippines (Image: Austal)