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Change in substantial holding for ASB

Document date:  Wed 26 Mar 2003
Published:  Wed 26 Mar 2003 15:08:12
Document No:  235095
Document part:  A
Market Flag:  N
Classification:  Change in substantial holding

AUSTAL LIMITED                                2003-03-26  ASX-SIGNAL-G

HOMEX - Perth                                                         

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Australia and New Zealand Banking Group Limited decreased its
relevant interest in Austal Limited on 05/02/2003, from 16,050,284
stapled securities (8.32%) to 13,942,966 stapled securities (7.23%).