DOWNER EDI LIMITED — Capital/Financing Update 2008

Dec 18, 2008

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Company Announcements Platform

Australian Securities Exchange and New Zealand Stock Exchange

19 December 2008

Downer EDI completes $244 million of funding

As part of its ongoing Treasury program, Downer EDI Limited announced today that it has completed $244 million of funding. In keeping with its Treasury strategy, the Company increased an existing bank loan facility as well as raised additional funds from diversified funding sources.

Chief Executive Officer, Geoff Knox said today’s announcement is another positive sign for the Company in the current credit market environment. Downer EDI has now funded a substantial portion of its debt obligations maturing this financial year.

“This announcement demonstrates the market’s confidence in Downer EDI. We continue to successfully diversify our funding sources and at the same time we have extended the maturity of our funding arrangements,” Mr Knox said.

Downer EDI is well-placed to take advantage of the significant opportunities evolving as a result of the current economic climate with the enhancement of public transport systems and public infrastructure high on the agenda of governments throughout the Asia Pacific region.

CONTACT DETAILS

Investors: Ross Moffat, EGM Investor Relations, T: +61 2 9240 9042. Media: Maryanne Graham, GM Corporate Affairs, T: +61 2 9240 9041.

Downer EDI Limited (www.downeredi.com) is an Australian top -100 company that provides comprehensive engineering and infrastructure management services to the public and private transport, energy, infrastructure, communications and resources sectors, across Australia, New Zealand, the Asia Pacific region and the United Kingdom.

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