Update to Contract Value - Contract for 2 x ECCPBs

• Austal awarded contract for 2 additional Evolved Cape-class Patrol Boats for Australian Border Force
• Correct contract price is approximately A$150.3 million, not A$136 million as previously announced
• Austal is Australia's global shipbuilder and defence prime contractor

Austal Limited (ASX: ASB) has announced an update to the contract value for the supply of 2 Evolved Cape-class Patrol Boats (ECCPBs) to the Australian Border Force (ABF). The company had earlier announced the contract price as approximately A$136 million, which was incorrect. The correct price is approximately A$150.3 million. Austal is Australia's global shipbuilder and defence prime contractor, designing, constructing and sustaining some of the world's most advanced commercial and defence vessels. The company has industry-leading shipyards in Australia, the United States, Philippines and Vietnam, with service centres worldwide. Austal has contracted more than 360 vessels for over 122 commercial and defence operators in 59 countries globally. The company is Australia's largest defence exporter and first ASX-listed shipbuilder.