Downer completes sale of Open Cut Mining West

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Media/ASX and NZX Release
1 February 2021
DOWNER COMPLETES SALE OF OPEN CUT MINING WEST

Downer EDI Limited (Downer) announced today it had completed the sale of its Open Cut Mining West
business to MACA Limited.

As announced on 15 December 2020, Downer will receive over $200 million in cash proceeds as a result of
the sale.

Downer has received an initial payment of $109 million and will receive an additional $66 million in deferred
consideration through 12 equal monthly instalments of $5.5 million commencing in February. The balance of
the proceeds is approximately $30 million and will be received from the unwinding of working capital
balances.





Authorised for release by Downer’s Chief Financial Officer, Michael Ferguson.

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. 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 DOWNER
www.downergroup.com