Australia Acquisition Corp. Announces the Separate Trading of Its Ordinary Shares and Warrants

Australia Acquisition Corp. AAC announced that Cohen & Company Capital Markets, LLC, the representative of the underwriters of its initial public offering of units, has notified the Company that it has elected not to exercise their option to purchase up to an additional 960,000 units to cover over-allotments within the 45-day period granted to them by the Company. The Company has further announced that commencing Monday, December 13, 2010, the holders of the Company's units may elect to separately trade on the Nasdaq Capital Market the ordinary shares and warrants underlying the units. Those units not separated will continue to trade under the symbol “AACOU” and each of the ordinary shares and the warrants are expected to trade under the symbols “AAC” and “AACOW,” respectively.