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14th
September 2007
ORBITAL
PROPOSES NEW EXTERNAL AUDITORS
PERTH,
AUSTRALIA: The
Chair of Orbital Corporation Limited's Audit Committee, Mr Grahame
Young, today announced that Ernst & Young will be proposed as
the new external auditor for the Orbital Group commencing from the
2007 - 2008 financial year. The Audit Committee recommended Ernst
& Young to the Orbital Board following a periodic review of
the audit function.
Shareholders will be asked to
approve the new auditors at Orbital Corporation Limited's Annual
General Meeting to be held on 23 October 2007.
"I would like to thank Orbital's
current auditor, KPMG for their contribution over many years",
said Mr Young.
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