DOWNER EDI LIMITED — Capital/Financing Update 2011

Mar 28, 2011

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Media/ASX and NZX Release

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS

SUCCCESSFUL COMPLETION OF THE RETAIL BOOKBUILD

29 March 2011

Downer EDI Limited (Downer) is pleased to announce the successful completion of the retail component of its accelerated renounceable entitlement offer (Retail Entitlement Offer). This represents the final stage of Downer’s equity raising of approximately A$279 million (Entitlement Offer), as announced on 28 February 2011.

Entitlements attributable to renouncing and ineligible retail shareholders were sold through the retail bookbuild which was completed on 28 March 2011 (Retail Bookbuild) after market close.

The clearing price under the Retail Bookbuild was A$3.61 per share, representing an 11% premium to the underwritten offer price of A$3.25 for the Entitlement Offer. Cash proceeds of A$0.36 per share (Retail Premium), for the sale of the relevant Entitlements, will be returned to renouncing and ineligible retail shareholders (less any applicable withholding tax).

The settlement date for new shares issued under the Retail Entitlement Offer and the Retail Bookbuild is 31 March 2011. Allotment of these shares will occur on 1 April 2011 and trading on the ASX will commence on 4 April 2011. Holding statements and Retail Premium proceeds are scheduled to be despatched to shareholders from 5 April 2011.

CONTACT DETAILS

Investors: Ross Moffat, EGM, Investor Relations M: +61 412 256224 Media: Michael Sharp, Group Head of Corporate Affairs M: +61 439 470145

Important notice

This release, including the information contained in this disclaimer, is not a prospectus and does not form part of any offer, invitation or recommendation in respect of securities, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, securities in the United States or to any person that is, or is acting for the account or benefit of, a “U.S. person” (as defined in Regulation S under the United States Securities Act of 1933 ( Securities Act )) ( U.S. Person ), or in any other jurisdiction in which such an offer would be illegal. The securities referred to herein may not be offered or sold in the United States, or to or for the account or benefit of, any U.S. Person, unless the securities have been registered under the Securities Act or an exemption from the registration requirements under the Securities Act is available. The offer or sale of the securities referred to herein have not been and will not be registered under the Securities Act. The distribution of this release in other jurisdictions outside Australia may also be restricted by law and any such restrictions should be observed. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

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