Contractor

Signature
Date

Price (Base) at

Type (Price
Basis)

Form of
Contract

Notes

Signature
$m

30 Jun 11
$m

Thales Australia

Jun 99

898.6

1,042.7

Variable

DEFPUR 101

1, 2

Notes

1

The original contract was structured requiring price increases to be agreed at the time for each ships major refit concurrent with Upgrade production. $29.1m of work for initial FFG Upgrade equipment spares were not included in the original contract.

2

The Contract Final Acceptance occurred on 28 February 2011 after an extensive contract closure due diligence review and contractor completion of obligations as recorded in a Contract Close Out Deed established 25 June 2010. The final payment under the Thales Upgrade Contract, being final price variation on Milestone 71(b), was made in June 2011. No further claims from Thales are anticipated.

Contractor

Quantities as at

Scope

Notes

Signature

30 Jun 11

Thales Australia

6

4

Upgraded ships and concurrent refit.

1

Major equipment received and quantities to 30 Jun 11

Four ships have been accepted.  Engineering and maintenance arrangements established.

Notes

1

Other items of equipment under this contract include associated support facilities, training devices and spares, as noted in Section 1.2 of the PDSS.