Downer EDI Limited/Announcement
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Spotless Class Action settlement

Legal21 May 2020DOWIndustrials

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Media/ASX and NZX Release

22 May 2020

SPOTLESS CLASS ACTION SETTLEMENT


Downer EDI Limited (Downer) announced today that Spotless Group Holdings Limited (Spotless) had

accepted an offer to settle the class action commenced against Spotless in the Federal Court of Australia in

May 2017.


The settlement is without admission of liability and is subject to Federal Court approval.


As a result of the settlement, if approved, the impact on Downer Group’s results for the 2020 financial year

will be $35 million (pre-tax).












Authorised for release by Grant Fenn, Downer’s Chief Executive Officer.


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 more than 53,000 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.




For further information please contact:

Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470 145

Downer EDI Limited

ABN 97 003 872 848

Triniti Business Campus

39 Delhi Road

North Ryde NSW 2113

1800 DOW NER

www.downergroup.com

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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