• Civmec to acquire 100% of Luerssen Australia Pty Ltd
• Strengthens Australia's sovereign shipbuilding capability
• Enhances Civmec's end-to-end naval shipbuilding solutions

Civmec Limited ('Civmec' or 'Group') (ASX:CVL, SGX:P9D) has entered into a binding agreement to acquire 100% of the shares in Luerssen Australia Pty Ltd ('Luerssen Australia') from NVL Australia GmbH (NVL). This strategic acquisition marks a significant milestone in Civmec's evolution as a sovereign Australian shipbuilder and will see the full ownership transfer of the Luerssen Australia business, including all assets, employees, and licences, subject to the satisfaction of conditions precedent. The transaction strengthens Australia's sovereign shipbuilding capability by consolidating design, construction, and operational expertise under a single, locally owned entity--enhancing national resilience and supporting long-term defence industry growth. The key terms of the acquisition include a cash consideration of AUD 20 million, to be funded entirely from Civmec's existing cash reserves. NVL will provide ongoing support to Civmec and the SEA1180 OPV program via a structured Service Level Agreement, ensuring continuity and stability post-completion. The acquisition supports national objectives to grow Australia's industrial base and ensures continuity of performance on a strategically important program. With a structured transition plan and ongoing technical support from NVL, Civmec is well-positioned to deliver a seamless integration and realise long-term value from the transaction.

Civmec expects to deliver five Offshore Patrol Vessels over the next 3.5 years as a result of the acquisition.

The acquisition of Luerssen Australia will strengthen Civmec's position as a sovereign Australian shipbuilder, enabling the Group to scale its defence operations and pursue future shipbuilding opportunities.