DOWNER EDI LIMITED — Capital/Financing Update 2011

Dec 13, 2011

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Media/ASX and NZX Release

14 December 2011

DOWNER SIGNS AGREEMENT TO SELL CPG ASIA

Downer EDI Limited (Downer) today announced it had signed a Share Sale Agreement with China Architecture Design and Research Group (CAG) to sell the CPG Asia business to CAG for A$147 million.

CPG Asia is a leading provider of architectural and engineering design services for complex infrastructure and buildings to customers in Singapore and the Asian region.

The agreement follows the announcement on 3 August 2011 that Downer was conducting a review of its general consultancy businesses in line with its strategy to optimise its portfolio of businesses.

“This is a good result for Downer Group with the proceeds used to continue to grow the Downer business, reduce debt and strengthen the balance sheet,” Mr Fenn said.

“It is also a good result for the staff and clients of CPG Asia who can look forward to the businesses continuing to provide market leading services enhanced by the complementary knowledge and experience of CAG, which is a leader in the Chinese architecture and design market.”

Mr Fenn said the transaction would have a neutral impact on Downer’s guidance for the 2012 financial year. Downer confirmed at its Annual General Meeting on 9 November that it expects to deliver earnings before interest and tax of around $340 million and net profit after tax of around $180 million, subject to identified risks and general market conditions.

The sale of CPG Asia is subject to customary conditions precedent being met, including regulatory approvals and there being no material adverse changes to the business prior to Completion, which is scheduled to take place around the end of the first quarter of 2012.

Mr Fenn said CPG Australia and CPG New Zealand will remain part of the Downer Group.

For further information please contact:

Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470145 Luke Thrum, Manager Investor Relations +61 459 828720

Downer EDI Limited (www.downergroup.com) provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and Property sectors across Australia, New Zealand, the Asia Pacific region and the United Kingdom.

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