DOWNER EDI LIMITED — Capital/Financing Update 2011

Mar 27, 2011

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Media/ASX and NZX Release

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

COMPLETION OF THE RETAIL ENTITLEMENT OFFER

28 March 2011

On 28 February 2011, Downer EDI Limited (Downer) announced a fully underwritten accelerated renounceable entitlement offer (Entitlement Offer) to raise approximately A$279 million, comprising an Institutional Entitlement Offer and a Retail Entitlement Offer. The Institutional Entitlement Offer was successfully completed on 2 March 2011, raising approximately A$192 million.

The Retail Entitlement Offer closed on 23 March 2011. Downer has today announced that eligible retail shareholders subscribed for approximately 13.2 million new shares (approximately A$42.8 million) under the Retail Entitlement Offer, reflecting a participation rate of approximately 49% by existing eligible retail shareholders.

Downer will offer for sale under the Retail Bookbuild approximately 13.5 million new shares (equating to approximately A$43.8 million at the A$3.25 underwritten floor price), which represents those entitlements attributable to renouncing and ineligible retail shareholders. The Retail Bookbuild will commence after market close on 28 March 2011.

The settlement date for new shares issued under the Retail Entitlement Offer and the Retail Bookbuild is 31 March 2011. Allotment of these new shares will occur on 1 April 2011 and trading on ASX will commence on 4 April 2011.

CONTACT DETAILS

Investors: Ross Moffat, EGM, Investor Relations Media: Michael Sharp, Group Head of Corporate Affairs

M: +61 412 256224 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