DOWNER EDI LIMITED — Capital/Financing Update 2010

Oct 26, 2010

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Company Announcements Platform

Australian Securities Exchange and NZX

27 October 2010

DOWNER AWARDED A$190 MILLION PASSENGER RAIL CONTRACT

Downer EDI Limited (Downer) today announced it has been awarded a contract valued at approximately A$190 million to expand and upgrade Queensland Rail’s fleet of high speed passenger tilt trains that service the Cairns to Brisbane rail corridor.

Downer has previously built tilt trains for Queensland Rail and has been a supplier to, and partner with, Queensland Rail for over three decades.

The two electric tilt trains currently servicing the Brisbane to Rockhampton route were designed and built in Downer’s Maryborough facility in the late 1990s. The two diesel tilt trains currently servicing the Brisbane to Cairns route were also designed and built by Downer about 10 years ago. All these tilt trains use Hitachi technology and are the fastest narrow gauge passenger trains in the world with a maximum speed of 160 kilometres per hour.

Under the new contract, Downer Rail will rely on these foundations to design and build a next generation diesel tilt train consisting of two power cars and twelve carriages. These new trains and carriages will incorporate Queensland Rail’s stringent safety standards and provide passengers with a new standard in long distance rail travel. The new trains and carriages will feature:

• sleeper cars with personal ensuites;

• first class sitter cars with lay flat seats;

• a restaurant car;

• first class and club lounges; and

• economy sitter cars.

In addition, the new contract involves Downer expanding the existing two-train fleet to include ten new carriages.

Downer Chief Executive Officer Grant Fenn said Downer Rail was the market leader in rolling stock solutions in Australia, with demonstrated expertise in both the passenger and freight markets.

“Our Rail division designed and manufactured the two existing Queensland Rail Cairns to Brisbane tilt trains nearly 10 years ago and the new rail vehicles will also be manufactured at our Maryborough facility,” Mr Fenn said.

A Triniti Business Campus, 39 Delhi Road, North Ryde NSW 2113 P PO Box 1823, North Ryde NSW 2113 T +61 2 9468 9700 | F +61 2 9813 8915 | W downergroup.com

Downer EDI Limited ABN 97 003 872 848

• “The new rail vehicles will be delivered progressively from April 2013.

“Last week we announced approximately A$300 million of rail contract wins with Pacific National and Australian Rail Track Corporation and this latest contract win confirms the market’s continuing demand for Downer’s competitive, service-oriented approach and commitment to safety.”

CONTACT DETAILS Investors: Ross Moffat, Executive General Manager Investor Relations T: +61 412 256 224 Media: Michael Sharp T: +61 439 470 145

Downer EDI Limited (www.downergroup.com) is a major ASX listed 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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