• Board approves on-market share buy-back of up to 10% of ordinary shares
• Buy-back to be conducted over 12 months, commencing on or after 10 October 2025
• Reflects strength of balance sheet and confidence in long-term growth prospects

Austin Engineering Ltd (ASX: ANG) has announced that its Board has approved an on-market share buy-back for up to 10% of the company's ordinary shares. The buy-back will be undertaken over the next 12 months, commencing on or after 10 October 2025, and will be conducted in the ordinary course of trading. The final amount of the buy-back and the timing of any trades will depend on several factors, including market conditions, the company's prevailing share price, its future capital requirements, and any unforeseen developments or circumstances that may arise. The buy-back is in accordance with the '10/12' limit permitted under the Corporations Act 2001 and does not require shareholder approval. Austin's CEO and Managing Director, Sy van Dyk, stated that the buy-back reflects the strength of the company's balance sheet and the confidence it has in Austin's long-term growth prospects. He added that the initiative enhances returns to shareholders today while increasing their exposure to a business that is well-positioned to deliver sustainable value into the future.