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Downer completes transition of underground services

M&A4 March 2021DOWIndustrials

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Media/ASX and NZX Release

4 March 2021

DOWNER COMPLETES TRANSITION OF UNDERGROUND SERVICES


Downer EDI Limited (Downer) announced today that it had completed the transition of

underground mining services at OZ Minerals’ Carrapateena mine to Byrnecut Australia.


As announced on 20 January 2021, the transition included the transfer of equipment from Downer

to Byrnecut.


Downer confirms it has received $56 million (representing book value) for the sale of plant and

equipment and, when combined with the unwinding of working capital, the proceeds to Downer will

total approximately $70 million.













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


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

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