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21 August 2003

ORBITAL ANNOUNCES NEW CHAIRMAN

PERTH, AUSTRALIA: The Board of Orbital Engine Corporation Limited is pleased to announce the appointment of Mr Don Bourke as a Director and Chairman of the Company with effect from 21 August 2003.

Mr Bourke succeeds Mr Ross Kelly as Chairman of the Company, following Mr Kelly's decision to retire as a Director and Chairman with effect from that date. The Board expresses their appreciation of Mr Kelly's significant contribution to Orbital since his appointment to the Board in 1995.

Mr Bourke has extensive business experience and is currently Executive Chairman of Australian Technology Group Limited - a company established by the Federal Government in 1993 to assist in the commercialisation of start-up IT&T and Bio-technology ventures. He is also Chairman of Olex Holdings Limited and Compudigm International Limited.

Previously, Mr Bourke has been a Director of Crown Casino Limited and BIL (Australia Holdings) Ltd as well as a Councillor of the National Library of Australia. For a number of years, Mr Bourke was the Finance Director of Consolidated Press Holdings Limited. Early in his career, Mr Bourke gained significant experience in the automotive industry, occupying various finance and senior management positions with Ford Australia during almost eighteen years with that company.

 
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Orbital Corporation Limited, 4 Whipple Street, Balcatta, Western Australia 6021.
Phone: +618 9441 2311    Fax: +618 9441 2133    Email: info@orbitalcorp.com.au