• Austal Ltd to raise up to $200m through institutional placement
• Concurrent $20m share purchase plan for eligible shareholders
• Austro Pty Ltd to conduct $50m non-underwritten sell-down

Austal Ltd has announced a proposed placement of new fully paid ordinary shares to eligible institutional investors to raise up to approximately A$200 million (before costs). In conjunction with the placement, Austro Pty Ltd (an entity associated with John Rothwell) will be conducting a non-underwritten sell-down of approximately A$50 million, subject to the placement being fully subscribed. Austal is also offering eligible shareholders the opportunity to apply for new shares under a share purchase plan to raise up to a maximum of A$20 million. The company has provided detailed information about the offer, including the purpose, key risks, and other important details. Austal has emphasized that the information in the presentation is for information purposes only and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law.