Sale of Otraco

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Media/ASX and NZX Release
26 April 2021
SALE OF OTRACO
Downer EDI Limited (Downer) announced today it had entered into an agreement to sell its tyre
management business (Otraco) to Bridgestone Corporation (Bridgestone). Bridgestone, which was
established in 1931 and is listed on the Tokyo Stock Exchange, is a global company with
operations in more than 150 countries providing world-class tyres and sustainable mobility
solutions.

The sale price represents an enterprise value of $79 million.

The Chief Executive Officer of Downer, Grant Fenn, said the sale of Otraco was another important
step in Downer’s divestment of its portfolio of Mining businesses as part of its Urban Services
strategy.

“The sale of Otraco follows Downer’s exit from its Underground mining, Open Cut Mining West,
Downer Blasting Services and Snowden consulting businesses and also our share in the RTL
Mining and Earthworks joint venture,” Mr Fenn said. “We remain in active discussions with a
number of interested parties in relation to the Open Cut Mining East business.”

Completion of the Otraco transaction, which is subject to regulatory approvals and other customary
conditions, is expected to occur before the end of 2021.

Downer’s sale of Mining and Laundries assets to date, including Otraco, will deliver total proceeds
of $605 million, of which $476 million has been received.


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