DOWNER EDI LIMITED — Capital/Financing Update 2018

Jul 26, 2018

Downer EDI Limited ABN 97 003 872 848 Triniti Business Campus 39 Delhi Road North Ryde NSW 2113 1800 DOWNER www.downergroup.com

ASX and NZX Release

27 July 2018

DOWNER AWARDED NUMURKAH SOLAR FARM CONTRACT

Downer EDI Limited (Downer) announced today it had been awarded an Engineering, Procurement and Construction (EPC) contract worth approximately $160 million for the Numurkah Solar Farm in northwest Victoria.

The Chief Executive Officer of Downer, Grant Fenn, said Downer was a leader in solar farm construction in Australia.

“We are pleased to be working with Neoen to deliver the Numurkah Solar Farm which will deliver significant economic benefits for the local community in addition to the environmental benefits of a large scale renewable energy project,” he said.

The Numurkah Solar Farm is a 128 megawatt (MW) renewable energy project supported by a 38MW Green Certificate Purchase agreement with the Victorian Government and a 15-year power purchase agreement with GFG Alliance’s SIMEC ZEN Energy.

“Through the purchase agreement with the Victorian Government, the Numurkah Solar Farm will help power Melbourne’s tram network, which is operated and maintained by the Keolis Downer joint venture. This connection highlights Downer’s position as the leading integrated services provider in Australia and New Zealand,” Mr Fenn said.

Franck Woitiez, Managing Director of Neoen Australia, said the successful financial close of Numurkah is one of the most significant milestones for the company’s operations locally.

“We’re delighted to have Downer deliver the Numurkah Solar Farm, an important project for Neoen because it marks the achievement of our first Gigawatt of projects in Australia, either under construction or in operation.”

Notice to proceed has been issued to Downer under the EPC contract and construction is scheduled to take approximately 12 months.

About Downer

Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the heart of everything it does. It exists to create and sustain the modern environment and its promise is to work closely with its customers to help them succeed, using world-leading insights and solutions to design, build and sustain assets, infrastructure and facilities. Downer employs approximately 56,000 people across more than 300 sites, primarily in Australia and New Zealand, but also in the Asia-Pacific region, South America and Southern Africa. It also owns 88 per cent of Spotless Group Holdings Limited. For more information visit downergroup.com.

About Neoen

Founded in 2008, Neoen is France’s and one of the world’s leading independent producers (IPP) of renewable energy. With a current capacity of almost 2 GW already in operation or under construction, and a further 1 GW of projects formally awarded and secured, Neoen has doubled its size in over just 18 months. Neoen is active in France, Australia, El Salvador, Zambia, Jamaica, Portugal, Mexico, Mozambique and Argentina and has assets in more than 15 countries. It operates Europe’s most powerful solar PV farm (300 MW in Cestas, France) and the world’s largest lithium-ion power reserve in Hornsdale, Australia (100 MW/129 MWh storage capacity). At the end of 2017, Neoen won one of the largest (375 MW) and the most competitive solar project in Mexico. Neoen’s main shareholders are Impala (owned by Jacques Veyrat), the Capenergie II and Capenergie 3 funds (managed by Omnes Capital) and Bpifrance. Neoen is targeting 5 GW capacity by 2021. More details at www.neoen.com

Page 1 of 2

==> picture [160 x 107] intentionally omitted <==

About Numurkah Solar Farm

For more on the Numurkah Solar Farm, go to numurkahsolarfarm.com.au

For further information please contact:

Noel Lean, Manager Corporate Affairs, Downer Transport and Infrastructure Ayla Fitzgibbon, Neoen Australia

+61 447 228 967 +61 431 104 817

Page 2 of 2