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    None. Talks have ceased

    13 September 2007
    The Manager
    Company Announcements Office
    Australian Stock Exchange Limited
    Level 10, 20 Bond Street
    Sydney NSW 2007
    Ausdrill Limited refers to its announcement dated 13 August 2007 when it confirmed that it
    was in continuing discussions with a party which had expressed an interest in acquiring all of
    the shares in Ausdrill.
    Ausdrill wishes to announce that recent instability in the private equity markets have had the
    consequence that it has not been possible to reach an agreed position on the terms upon which
    the matter might proceed. Discussions with the party have now ceased.
    If you have any queries in relation to this announcement please contact
    Mr Terrence O’Connor AM QC on 93115666
    T E O’CONNOR AM QC
    CHAIRMAN
 
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