The large deformation at cryogenic temperature is expected as one of the effective methods to produce large bulk ultrafine grained materials. The effects of annealing temperature, 150∼$300^{circ}C$, on microstructures and mechanical properties of the sheets received 85% reduction at cryogenic temperature were investigated, in comparison with those at room temperature. Annealing of 5083 Al alloy deformed 85%, at $200^{circ}C$ for an hour,. resulted in the considerable increase of tensile elongation without the great loss of strength and the occurrence of equiaxed grains less than 300nm in diameter.