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10 October 2003
NYSE CONFIRMS ORBITAL'S COMPLIANCE
WITH CONTINUED LISTING CRITERION
Perth, Australia: In January 2003, Orbital
announced that the New York Stock Exchange (NYSE) had accepted the
Company's submission of a business plan to demonstrate likely compliance
with the NYSE's continued listing standards relating to market capitalization
and stockholders' equity subject to the company's American Depositary
Shares trading above US$1.00.
Orbital has recently received confirmation
from the NYSE that the Company is no longer considered below the
US$1 continued listing criterion. The NYSE will continue to monitor
the Company's progress over the next seven months with respect to
the minimum market capitalization and stockholders equity listing
standards, recognizing that Orbital's market capitalisation currently
exceeds US$50 million.
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