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A man has drowned on the south coast after being hit by a three metre wave near Mollymook.

Far South Coast lifesavers say a man and a woman were walking at Lake Tabourie, south of Mollymook, this afternoon.

They were walking from Crampton Island, just off Lake Tabourie, towards the mainland, when they were struck by a three metre wave. They were reportedly knocked sideways into deeper waters.

The woman was able to safely get back to shore, but the man, aged in his 40s, could not be found.

Lifesavers say the man washed up onto the beach unconscious about 15 minutes later.

A bystander attempted to resuscitate the man, while emergency services and lifesavers from Batemans Bay and Mollymook rushed to the scene about 1.50pm.

NSW Ambulance Service paramedics took over the resuscitation attempts, but the man could not be saved and he was pronounced dead at the scene.

One nearby business owner said the walk out to Crampton Island, which is possible during low tide, was not particularly dangerous. However, she said the swell was ‘‘pretty big’’ on Wednesday.