A composite panel includes a ballistic fabric strike surface layer and an underlying structural armor plate layer. The structural armor plate layer is corrugated and includes a multiplicity of traversing ports. The traversing ports have sufficient lateral area to allow explosive blast deformation of the ballistic fabric through the structural armor plate layer. By selecting both relative port traversing void area and corrugation angle an effective projectile blockage is achieved. The composite shield is particularly effective in protecting personnel. Blast frequencies in the 1000 to 3000 Hz Cooper Injury Range component of the blast wave spectrum are attenuated. The panel has projectile shredding properties and has improved structural stability.