DOWNER EDI LIMITED — Capital/Financing Update 2009

May 19, 2009

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Company Announcements Platform

Australian Securities Exchange and New Zealand Stock Exchange

20 May 2009

DOWNER EDI COMPLETES $222 MILLION OF FUNDING

Downer EDI Limited (Downer EDI) announced today that it has completed $222 million of funding as part of its ongoing capital management program. In keeping with its Treasury strategy, the Group has successfully raised additional funds from diversified funding sources and extended its debt maturity profile.

Chief Executive Officer Downer EDI, Geoff Knox, said the Group has now funded a significant portion of its debt obligations maturing in the 2010 financial year, a pleasing outcome given the current credit environment.

“This funding, with an average term of four years, reflects the market’s confidence in Downer EDI’s capital management program. We continue to enjoy success in our funding diversification approach which provides the Group with significant flexibility going forward,” Mr Knox said.

Downer EDI also noted Fitch Ratings affirmation of its ‘BBB-‘ unsecured debt rating and ‘Stable’ outlook.

CONTACT DETAILS

Investors: Ross Moffat, EGM Investor Relations, T: +61 2 9240 9042. Media: Maryanne Graham, GM Corporate Affairs, T: +61 2 9240 9023.

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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