Downer completes sale of 70% of Laundries business

Pag e 1 o f 1


Media/ASX and NZX Release
1 April 2021
DOWNER COMPLETES SALE OF 70% OF LAUNDRIES BUSINESS

Downer EDI Limited (Downer) announced today it had completed the sale of 70% of its Laundries
business to an entity established by Australian private equity firm, Adamantem Capital.

As announced on 2 December 2020, the sale has resulted in Downer receiving total proceeds of
$155 million on a cash and debt free basis.













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