DOWNER EDI LIMITED — Director's Dealing 2022

Aug 24, 2022

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Downer EDI Limited
ABN	97 003 872 848

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Grant Anthony Fenn
Date of last notice	6 October 2021

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct: 795,809 ordinary shares Indirect: 1,253,963 ordinary shares and 584,317 performance rights, each representing a right to one ordinary share.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances givingrise to the relevant interest.	Held by CPU Share Plans Pty Ltd (Trustee of the Downer EDI Limited Deferred Employee Share Plan).
Date of change	24 August 2022.
No. of securities held prior to change	2,049,772 ordinary shares. 902,492 performance rights, each representing a right to one ordinary share, comprising of: 1. 2020 LTI Plan – 318,175 performance rights. The grant is comprised of three tranches: a. 106,058 performance rights with a relative TSR performance hurdle for the three years to 30 June 2022; b. 106,058 performance rights with a compound annual EPS growth rate performance hurdle for the three years to 30 June 2022; and c. 106,059 performance rights with a scorecard performance hurdle for the three years to 30 June 2022. A continued employment condition to 30 June 2023 applies to each tranche.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	2. 2021 LTI Plan – 584,317 performance rights. The grant is comprised of three tranches: a. 194,772 performance rights with a relative TSR performance hurdle for the three years to 30 June 2023; b. 194,772 performance rights with a compound annual EPS growth rate performance hurdle for the three years to 30 June 2023; and c. 194,773 performance rights with a scorecard performance hurdle for the three years to 30 June 2023. A continued employment condition to 30 June 2024 applies to each tranche.
Class	Performance rights.
Number acquired
Number disposed	318,175 performance rights granted to Mr Fenn under the LTI Plan (2020 Plan) have not met the relevant performance hurdles and have been forfeited.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Not applicable.
No. of securities held after change	2,049,772 ordinary shares. 584,317 performance rights, each representing a right to one ordinary share, comprising of: 1. 2021 LTI Plan – 584,317 performance rights. The grant is comprised of three tranches: a. 194,772 performance rights with a relative TSR performance hurdle for the three years to 30 June 2023; b. 194,772 performance rights with a compound annual EPS growth rate performance hurdle for the three years to 30 June 2023; and c. 194,773 performance rights with a scorecard performance hurdle for the three years to 30 June 2023. A continued employment condition to 30 June 2024 applies to each tranche.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	318,175 performance rights granted to Mr Fenn under the LTI Plan (2020 Plan) have not met the relevant performance hurdles and have been forfeited.

• See chapter 19 for defined terms. Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3