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DOWNER EDI LIMITED Capital/Financing Update 2009

May 21, 2009

64784_rns_2009-05-21_de7f035f-4dc2-473d-b4a7-ed6ee95ea61f.pdf

Capital/Financing Update

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Company Announcements Platform

Australian Securities Exchange and New Zealand Stock Exchange

22 May 2009

Downer EDI considers public offering in New Zealand

Downer EDI Limited (Downer EDI) wishes to inform the market that it is considering making a public offering in New Zealand of fixed interest, unsubordinated, unsecured bonds, maturing in September 2012. The issuer would be its wholly-owned subsidiary, Works Finance (NZ) Limited.

No money is currently being sought by Downer and no applications for the bonds will be accepted, or money received, unless the subscriber has received a prospectus and investment statement. The offer will be restricted to New Zealand residents only.

Downer will provide a further update to the market when more details are available.

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 and the United Kingdom.

T 61 2 9240 9000 F 61 2 9240 9056 W www.downeredi.com E [email protected]

Level 3, 190 George Street Sydney NSW 2000 PO Box N692 Grosvenor Place NSW 1220

Downer EDI Limited ACN 003 872 848