Becoming a substantial holder

Heading
Form 603
Corporations Act 2001
Section 671B
Notice of initial substantial holder


To Company Name/Scheme Downer EDI Limited (DOW)
ACN/ARSN ACN 003 872 848


1. Details of substantial holder (1)
Name Perpetual Limited and its related bodies corporate
ACN/ARSN (if applicable) ACN 000 431 827


The holder became a substantial holder on 07/02/2025


2. Details of voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial
holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as
follows:
Class of securities (4) Number of securities Person's votes (5) Voting power (6)
Ordinary 37,189,515 37,189,515 5.537%


3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the
substantial holder became a substantial holder are as follows:
Holder of relevant interest Nature of relevant interest (7) Class and number of securities
Refer to annexure B


4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of relevant interest
Registered holder of
securities
Person entitled to be
registered as holder (8)
Class and number of
securities
Refer to annexure B



5. Consideration
The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the
day that the substantial holder became a substantial holder is as follows:
Holder of relevant
interest
Date of acquisition Consideration (9) Class and number of
securities
Refer to annexure A

Cash Non-cash

6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ARSN (if applicable) Nature of association
Perpetual Investment Management Limited (PIML) Related bodies corporate of Perpetual Limited
Pendal Group Limited (PDL) Related bodies corporate of Perpetual Limited
Pendal Institutional Limited (PIL) Related bodies corporate of Perpetual Limited
Pendal Fund Services Limited (PFSL) Related bodies corporate of Perpetual Limited

7. Addresses
The addresses of persons named in this form are as follows:
Name Address
Perpetual Limited (PPT) 18/123 Pitt Street Sydney, NSW 2000
Perpetual Investment Management Limited (PIML) 18/123 Pitt Street Sydney, NSW 2000
Pendal Group Limited (PDL) 18/123 Pitt Street Sydney, NSW 2000
Pendal Institutional Limited (PIL) 18/123 Pitt Street Sydney, NSW 2000
Pendal Fund Services Limited (PFSL) 18/123 Pitt Street Sydney, NSW 2000
Downer EDI Limited (DOW)
Level 2, Triniti III, Triniti Business Campus, 39 Delhi Road, North Ryde,
NSW 2113



Signature


print name Sylvie Dimarco capacity Company Secretary
sign here

date 11/02/2025

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the
manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of
persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each
group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
(2) See the definition of "associate" in section 9 of the Corporations Act 2001.
(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4) The voting shares of a company constitute one class unless divided into separate classes.
(5)
The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an
associate has a relevant interest in.
(6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7) Include details of:
(a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of
any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any
contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or
arrangement; and
(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or
disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification
applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(8)
If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write
"unknown".
(9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was
acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on
the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in
relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

ANNEXURE A
This is annexure ‘A’ referred to in Form 603, Notice of initial substantial holder, lodged for Perpetual Limited ACN 000 431 827
Sylvie Dimarco – Company Secretary, Perpetual Limited 11/02/2025

Entity Custodian Date
Transaction
Type
Consideration
(Cash)
Class (Ordinary)
and number
Person's
vote affected
PFSL
HSBC Custody Nominees (Australia)
Limited
2024-11-20 Purchase 1,559,634.89 271,510 271,510
PFSL
HSBC Custody Nominees (Australia)
Limited
2024-11-20 Purchase 264,335.45 46,017 46,017
PFSL
HSBC Custody Nominees (Australia)
Limited
2024-11-21 Purchase 513,006.58 89,042 89,042
PFSL
HSBC Custody Nominees (Australia)
Limited
2024-11-21 Purchase 86,945.29 15,091 15,091
PFSL
HSBC Custody Nominees (Australia)
Limited
2024-12-03 Purchase 139,722.75 23,783 23,783
PFSL
HSBC Custody Nominees (Australia)
Limited
2024-12-04 Purchase 1,128,660.26 190,881 190,881
PFSL
HSBC Custody Nominees (Australia)
Limited
2024-12-10 Purchase 197,222.26 33,880 33,880
PFSL
HSBC Custody Nominees (Australia)
Limited
2024-12-12 Purchase 2,002,422.65 376,466 376,466
PFSL
HSBC Custody Nominees (Australia)
Limited
2024-12-12 Purchase 353,873.07 66,530 66,530
PFSL
HSBC Custody Nominees (Australia)
Limited
2024-12-16 Purchase 495,794.58 92,138 92,138
PFSL
HSBC Custody Nominees (Australia)
Limited
2025-01-14 Sale -1,043,709.77 -204,886 -204,886
PFSL
HSBC Custody Nominees (Australia)
Limited
2025-01-17 Sale -736,187.35 -139,551 -139,551
PFSL
HSBC Custody Nominees (Australia)
Limited
2025-01-21 Purchase 25,018.86 4,601 4,601
PFSL
HSBC Custody Nominees (Australia)
Limited
2025-01-31 Sale -2,673,033.34 -470,050 -470,050
PFSL UBS Nominees Pty Limited 2025-01-17 Purchase 89,291.42 16,926 16,926
PFSL UBS Nominees Pty Limited 2025-01-17 Purchase 51,654.54 9,794 9,794
PFSL UBS Nominees Pty Limited 2025-01-17 Purchase 104,059.24 19,725 19,725
PFSL UBS Nominees Pty Limited 2025-01-20 Purchase 1,707.20 320 320
PFSL UBS Nominees Pty Limited 2025-01-20 Purchase 76,333.98 14,189 14,189
PFSL UBS Nominees Pty Limited 2025-01-21 Purchase 64,210.80 11,795 11,795
PFSL UBS Nominees Pty Limited 2025-01-21 Purchase 74,517.44 13,689 13,689
PFSL UBS Nominees Pty Limited 2025-01-22 Purchase 49,839.89 9,119 9,119
PFSL UBS Nominees Pty Limited 2025-01-22 Purchase 88,146.50 16,091 16,091
PFSL UBS Nominees Pty Limited 2025-01-23 Purchase 65,921.91 12,088 12,088
PFSL UBS Nominees Pty Limited 2025-01-23 Purchase 148,528.79 27,234 27,234
PFSL UBS Nominees Pty Limited 2025-01-24 Purchase 49,700.34 9,082 9,082
PFSL UBS Nominees Pty Limited 2025-01-24 Purchase 70,414.55 12,855 12,855
PFSL UBS Nominees Pty Limited 2025-01-28 Purchase 72,708.58 12,882 12,882
PFSL UBS Nominees Pty Limited 2025-01-28 Purchase 205,703.30 36,398 36,398
PFSL UBS Nominees Pty Limited 2025-01-29 Purchase 205,176.75 36,437 36,437
PFSL UBS Nominees Pty Limited 2025-01-29 Purchase 1,015,620.70 178,964 178,964
PFSL UBS Nominees Pty Limited 2025-01-30 Purchase 123,456.64 21,843 21,843
PFSL UBS Nominees Pty Limited 2025-01-31 Purchase 45,602.59 8,034 8,034
PFSL UBS Nominees Pty Limited 2025-01-31 Purchase 324,164.65 57,004 57,004
PFSL UBS Nominees Pty Limited 2025-02-03 Purchase 185,120.66 32,908 32,908
PFSL UBS Nominees Pty Limited 2025-02-04 Purchase 426,103.31 75,490 75,490
PFSL UBS Nominees Pty Limited 2025-02-04 Purchase 12,192.18 2,156 2,156
PFSL UBS Nominees Pty Limited 2025-02-05 Purchase 177,461.53 31,268 31,268
PFSL UBS Nominees Pty Limited 2025-02-05 Purchase 59,825.71 10,598 10,598

PFSL UBS Nominees Pty Limited 2025-02-06 Purchase 160,998.10 28,223 28,223
PFSL UBS Nominees Pty Limited 2025-02-07 Purchase 2,851,242.85 499,106 499,106
PIL Citibank, N.A. 2024-12-10 Purchase 37,191.65 6,389 6,389
PIL Citibank, N.A. 2024-12-12 Purchase 339,043.70 63,742 63,742
PIL Citibank, N.A. 2024-12-16 Purchase 115,255.64 21,419 21,419
PIL Citibank, N.A. 2024-12-20 Purchase 344,367.74 64,201 64,201
PIL Citibank, N.A. 2025-01-17 Purchase 403,288.50 76,447 76,447
PIL Citibank, N.A. 2025-01-17 Purchase 233,299.81 44,235 44,235
PIL Citibank, N.A. 2025-01-17 Purchase 469,999.57 89,091 89,091
PIL Citibank, N.A. 2025-01-20 Purchase 7,714.41 1,446 1,446
PIL Citibank, N.A. 2025-01-20 Purchase 344,769.86 64,086 64,086
PIL Citibank, N.A. 2025-01-21 Purchase 290,012.88 53,273 53,273
PIL Citibank, N.A. 2025-01-21 Purchase 336,556.01 61,826 61,826
PIL Citibank, N.A. 2025-01-22 Purchase 225,096.62 41,185 41,185
PIL Citibank, N.A. 2025-01-22 Purchase 398,135.56 72,679 72,679
PIL Citibank, N.A. 2025-01-23 Purchase 297,739.29 54,596 54,596
PIL Citibank, N.A. 2025-01-23 Purchase 670,866.48 123,009 123,009
PIL Citibank, N.A. 2025-01-24 Purchase 224,439.54 41,013 41,013
PIL Citibank, N.A. 2025-01-24 Purchase 317,985.64 58,052 58,052
PIL Citibank, N.A. 2025-01-28 Purchase 328,340.05 58,173 58,173
PIL Citibank, N.A. 2025-01-28 Purchase 928,959.66 164,374 164,374
PIL Citibank, N.A. 2025-01-29 Purchase 926,558.53 164,546 164,546
PIL Citibank, N.A. 2025-01-29 Purchase 4,586,512.30 808,196 808,196
PIL Citibank, N.A. 2025-01-30 Purchase 557,699.80 98,673 98,673
PIL Citibank, N.A. 2025-01-31 Purchase 206,000.65 36,292 36,292
PIL Citibank, N.A. 2025-01-31 Purchase 1,464,416.24 257,516 257,516
PIL Citibank, N.A. 2025-02-03 Purchase 836,271.96 148,660 148,660
PIL Citibank, N.A. 2025-02-04 Purchase 1,924,893.03 341,021 341,021
PIL Citibank, N.A. 2025-02-04 Purchase 55,079.70 9,740 9,740
PIL Citibank, N.A. 2025-02-05 Purchase 801,675.73 141,252 141,252
PIL Citibank, N.A. 2025-02-05 Purchase 270,260.02 47,876 47,876
PIL Citibank, N.A. 2025-02-06 Purchase 727,312.34 127,498 127,498
PIL Citibank, N.A. 2025-02-07 Purchase 12,861,938.39 2,251,464 2,251,464
PIL
HSBC Custody Nominees (Australia)
Limited
2024-11-26 Sale -91,992.30 -15,855 -15,855
PIL
HSBC Custody Nominees (Australia)
Limited
2024-12-12 Purchase 187,446.88 35,241 35,241
PIL
HSBC Custody Nominees (Australia)
Limited
2024-12-30 Purchase 174,444.25 32,722 32,722
PIL
J.P. Morgan Nominees Australia Pty
Limited
2024-12-02 Sale -284,310.56 -49,256 -49,256
PIL
J.P. Morgan Nominees Australia Pty
Limited
2024-12-03 Purchase 82,789.09 14,092 14,092
PIL
J.P. Morgan Nominees Australia Pty
Limited
2024-12-10 Purchase 80,384.95 13,809 13,809
PIL
J.P. Morgan Nominees Australia Pty
Limited
2024-12-16 Purchase 292,392.78 54,338 54,338
PIL
J.P. Morgan Nominees Australia Pty
Limited
2025-01-21 Purchase 21,424.54 3,940 3,940
PIL
JPMorgan Nominees Australia
Limited
2024-12-02 Purchase 284,310.56 49,256 49,256
PIL Northern Trust Company Limited 2024-12-03 Purchase 9,470.34 1,612 1,612
PIL Northern Trust Company Limited 2024-12-03 Purchase 6,350.77 1,081 1,081
PIL Northern Trust Company Limited 2024-12-10 Purchase 148,818.98 25,565 25,565

PIL Northern Trust Company Limited 2024-12-10 Purchase 44,182.91 7,590 7,590
PIL Northern Trust Company Limited 2024-12-16 Purchase 391,790.61 72,810 72,810
PIL Northern Trust Company Limited 2024-12-16 Purchase 111,704.18 20,759 20,759
PIL Northern Trust Company Limited 2025-01-17 Purchase 243,607.42 46,178 46,178
PIL Northern Trust Company Limited 2025-01-17 Purchase 140,929.23 26,721 26,721
PIL Northern Trust Company Limited 2025-01-17 Purchase 283,911.58 53,817 53,817
PIL Northern Trust Company Limited 2025-01-20 Purchase 4,662.79 874 874
PIL Northern Trust Company Limited 2025-01-20 Purchase 208,257.44 38,711 38,711
PIL Northern Trust Company Limited 2025-01-20 Sale -109,147.50 -20,250 -20,250
PIL Northern Trust Company Limited 2025-01-21 Purchase 175,190.15 32,181 32,181
PIL Northern Trust Company Limited 2025-01-21 Purchase 203,296.69 37,346 37,346
PIL Northern Trust Company Limited 2025-01-21 Purchase 40,315.11 7,414 7,414
PIL Northern Trust Company Limited 2025-01-21 Purchase 12,642.65 2,325 2,325
PIL Northern Trust Company Limited 2025-01-22 Purchase 135,970.71 24,878 24,878
PIL Northern Trust Company Limited 2025-01-22 Purchase 240,495.16 43,902 43,902
PIL Northern Trust Company Limited 2025-01-23 Purchase 179,850.98 32,979 32,979
PIL Northern Trust Company Limited 2025-01-23 Purchase 405,244.61 74,305 74,305
PIL Northern Trust Company Limited 2025-01-24 Purchase 135,589.65 24,777 24,777
PIL Northern Trust Company Limited 2025-01-24 Purchase 192,099.43 35,070 35,070
PIL Northern Trust Company Limited 2025-01-28 Purchase 198,359.76 35,144 35,144
PIL Northern Trust Company Limited 2025-01-28 Purchase 561,205.25 99,302 99,302
PIL Northern Trust Company Limited 2025-01-29 Purchase 559,755.19 99,406 99,406
PIL Northern Trust Company Limited 2025-01-29 Purchase 2,770,813.08 488,249 488,249
PIL Northern Trust Company Limited 2025-01-30 Purchase 162,334.46 28,681 28,681
PIL Northern Trust Company Limited 2025-01-30 Purchase 336,825.29 59,594 59,594
PIL Northern Trust Company Limited 2025-01-31 Purchase 124,416.63 21,919 21,919
PIL Northern Trust Company Limited 2025-01-31 Purchase 884,452.45 155,530 155,530
PIL Northern Trust Company Limited 2025-02-03 Purchase 505,070.91 89,784 89,784
PIL Northern Trust Company Limited 2025-02-04 Purchase 1,162,558.15 205,963 205,963
PIL Northern Trust Company Limited 2025-02-04 Purchase 33,268.37 5,883 5,883
PIL Northern Trust Company Limited 2025-02-05 Purchase 484,182.58 85,311 85,311
PIL Northern Trust Company Limited 2025-02-05 Purchase 163,225.18 28,915 28,915
PIL Northern Trust Company Limited 2025-02-06 Purchase 439,263.61 77,003 77,003
PIL Northern Trust Company Limited 2025-02-07 Purchase 8,345,677.72 1,460,899 1,460,899
PIL State Street Bank & Trust Company 2024-12-12 Purchase 127,086.87 23,893 23,893
PIL State Street Bank & Trust Company 2025-01-23 Purchase 203,271.04 37,366 37,366
PIL State Street Bank & Trust Company 2025-01-31 Purchase 113,253.45 19,765 19,765

ANNEXURE B
This is annexure ‘B’ referred to in Form 603, Notice of initial substantial holder, lodged for Perpetual Limited ACN 000 431 827
Sylvie Dimarco – Company Secretary, Perpetual Limited 11/02/2025

Holder of relevant
interest
Registered holder securities
Persons entitled to be registered
holder
Number of
securities
Number of
votes
PFSL
HSBC Custody Nominees (Australia)
Limited
HSBC Custody Nominees (Australia)
Limited
1,112,091 1,112,091
PFSL
HSBC Custody Nominees (Australia)
Limited
HSBC Custody Nominees (Australia)
Limited
1,644,941 1,644,941
PFSL
HSBC Custody Nominees (Australia)
Limited
HSBC Custody Nominees (Australia)
Limited
5,657,856 5,657,856
PFSL UBS Nominees Pty Limited UBS Nominees Pty Limited 1,204,218 1,204,218
PIL Citibank, N.A. Citibank, N.A. 409,491 409,491
PIL Citibank, N.A. Citibank, N.A. 650,468 650,468
PIL Citibank, N.A. Citibank, N.A. 5,436,219 5,436,219
PIL
HSBC Custody Nominees (Australia)
Limited
HSBC Custody Nominees (Australia)
Limited
317,222 317,222
PIL
HSBC Custody Nominees (Australia)
Limited
HSBC Custody Nominees (Australia)
Limited
590,819 590,819
PIL
HSBC Custody Nominees (Australia)
Limited
HSBC Custody Nominees (Australia)
Limited
781,700 781,700
PIL
HSBC Custody Nominees (Australia)
Limited
HSBC Custody Nominees (Australia)
Limited
2,645,579 2,645,579
PIL
J.P. Morgan Nominees Australia Pty
Limited
J.P. Morgan Nominees Australia Pty
Limited
766,324 766,324
PIL
J.P. Morgan Nominees Australia Pty
Limited
J.P. Morgan Nominees Australia Pty
Limited
915,931 915,931
PIL
J.P. Morgan Nominees Australia Pty
Limited
J.P. Morgan Nominees Australia Pty
Limited
1,129,173 1,129,173
PIL
J.P. Morgan Nominees Australia Pty
Limited
J.P. Morgan Nominees Australia Pty
Limited
1,650,420 1,650,420
PIL
J.P. Morgan Nominees Australia Pty
Limited
J.P. Morgan Nominees Australia Pty
Limited
6,872,540 6,872,540
PIL National Nominees Limited National Nominees Limited 360,770 360,770
PIL Northern Trust Company Limited Northern Trust Company Limited 364,092 364,092
PIL Northern Trust Company Limited Northern Trust Company Limited 1,248,386 1,248,386
PIL Northern Trust Company Limited Northern Trust Company Limited 3,413,322 3,413,322
PIML
HSBC Custody Nominees (Australia)
Limited
HSBC Custody Nominees (Australia)
Limited
17,953 17,953