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AUSTAL 113 M FERRY

April 1, 2009

Austal to build its largest ferry yet

Austal has signed a contract with Denmark's Nordic Ferry Services worth approximately AUD $114 million (about US $79 million). It will see Austal build what will be its largest catamaran ferry yet -- a 113 m vehicle/passenger catamaran for Bornholmstrafikken. The vessel will have the capacity to carry 1,400 passengers and 357 cars and will be built by Austal's Western Australian workforce for delivery in 2011.

It will operate between Rønne on the Danish island of Bornholm and Ystad in southeastern Sweden, joining Bornholmstrafikken's existing 86 m Austal cat, Villum Clausen, which has been operating on the route since 2000.

Austal Managing Director Bob Browning said the company was selected following a competitive international tender process, during which a number of competing large aluminum catamaran designs were considered.

"This significant commercial contract demonstrates Austal's ongoing commitment to the commercial high speed ferry market and maintains our position as world leader in the design and construction of large customised ferries for both new and existing customers," Mr. Browning said.

With a maximum speed of up to 40 knots, the vessel will deliver an improved transportation service to Bornholm residents while also meeting the seasonal demand generated along the route by holiday makers.

Danish environmental regulations for fast ferries are among the most stringent in the world. Austal's design is required to comply with legislation covering environmental noise, wave-wash and exhaust emissions. The design also minimizes the need for alterations to the route's existing port infrastructure, enabling both the 113 m catamaran and the 86 m "Villum Clausen" to operate in the summer season using the same vehicle and passenger ramps.

Three car decks accessible via both bow and stern ramps will ensure the efficient transfer of the catamaran's large vehicle capacity. Passenger seating is situated across two levels, with lounge-style facilities on the vessel's bridge deck and accessible via a large staircase. A fully equipped catering area, separate bar facility, a dedicated shopping area and two child play rooms are also located on the upper deck.

The vessel will be powered by four diesel engines and will be built in accordance with the requirements and under the survey of Det Norske Veritas, conforming to IMO HSC Codes.

Nordic Ferry Services is a joint venture between Bornholmstrafikken and Clipper Group.

VESSEL SPECIFICATIONS

Principal Dimensions

Length Overall: 112.6 m

Length Waterline: 101.3 m

Beam Molded: 26.20 m

Depth: 8.50 m

Capacity Passengers: 1,400

Crew: 30-35

Vehicles: 357 cars

Maximum Deadweight: 1000 tonnes

Fuel: 160,000 liters

Propulsion and Performance Engine: 4 x diesel engines Speed: Up to 40 knots

Classification Det Norske Veritas

+ 1A1 HSLC, R2, Passenger Car Ferry A, EO

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