DOWNER EDI LIMITED — Major Shareholding Notification 2021

Apr 13, 2021

603 page 1/3 15 July 2001

Form603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

DOWNER EDI LIMITED To Company Name/Scheme 003 872 848 ACN/ARSN 1. Details of substantial holder (1) YARRA MANAGEMENT NOMINEES PTY LTD ACN 616 681 068 ( YMN ); TA UNIVERSAL Name INVESTMENT HOLDINGS LTD ( UNIVERSAL ) ACN/ARSN (if applicable) See above The holder became a substantial holder on 12/04/2021

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate(2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities(4)	Number of securities	Person's votes(5)	Voting power(6)
Ordinary Fully Paid Shares	53,484,319	53,484,319	7.6265%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder ofrelevant interest	Nature of relevant interest (7)	Class and number of securities
YMN	Relevant interest pursuant to s608(3)(a) of the CA, being a relevant interest heldthrough a body corporate (Yarra Capital Management Limited (YCML) formerlynamed Nikko AM Limited) in which YMN's voting power is more than 20%	Ordinary Fully Paid Shares /53,484,319
UNIVERSAL	Relevant interest pursuant to s608(3)(a) of the CA, being a relevant interest heldthrough a body corporate (YCML) in which UNIVERSAL's voting power is more than20%	Ordinary Fully Paid Shares /53,484,319

603 page 2/3 15 July 2001

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph3 above are as follows:

Holder of relevant	Registered holder of securities	Person entitled to be	Class and
interest		registered as holder (8)	number of
			securities
All substantial	BNP Paribas Securities Services	NAM AU as the	Ordinary Fully
holders named in 1		responsible entity/trustee	Paid Shares /
above, YCML, Nikko		for a range of managed	5,862,781
Asset Management		investment schemes
Australia Limited
(NAM AU), Nikko AM
Equities Pty Ltd
(NEAL)
All substantial	BNP Paribas Securities Services; JP Morgan Nominees	Various Clients of YCML	Ordinary Fully
holders named in 1	Australia Ltd; Citicorp Nominees Pty Limited; National Australia		Paid Shares /
above, YCML, NEAL	Bank Limited (NAB Custodian Services); HSBC Custody		47,621,538
	Nominees (Australia); State Street Australia Limited

5. Consideration

The consideration paid for each relevant interest referred to in paragraph3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of
				securities
		Cash	Non-cash
YCML, NAM AU and	12/4/2021	Nil	Nil	53,516,163
NEAL

6. Associates

The reasons the persons named in paragraph3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
YMN	LEVEL 19, 101 COLLINS STREET, MELBOURNE VICTORIA 3000
UNIVERSAL	3RD FLOOR, DEVONSHIRE HOUSE 1 MAYFAIR PLACE, LONDON W1J 8AJ, UNITED KINGDOM
YCML	ONE INTERNATIONAL TOWERS SYDNEY LEVEL 26 100 BARANGAROO
NAM AU	GOOS2000ONE INTERNATIONAL TOWERS SYDNEY LEVEL 26 100 BARANGAROO
NEAL	ONE INTERNATIONAL TOWERS SYDNEY LEVEL 26 100 BARANGAROO

Signature

print name Dion Hershan

capacity DIRECTOR OF YMN

sign here

date 14 / 04 / 2021