Downer completes Laundries business divestment

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Media/ASX and NZX Release
24 April 2025
DOWNER COMPLETES LAUNDRIES BUSINESS DIVESTMENT

Downer EDI Limited (Downer) (ASX:DOW) has completed the sale of its 29.9% interest in its Australian
laundries business (HT Hold Co Pty Ltd) to an Asia Pacific private equity fund managed by Macquarie Asset
Management.

This completes Downer’s exit from the laundries business, which operates as Linen Services Australia and
Ensign in Australia and as Taylors Laundries in New Zealand, having previously sold 70.1% of the business
to Adamantem Capital (Adamantem) in 2021.

Adamantem and Downer have finalised the sale of 100% of the business to the Macquarie Asset
Management-managed private equity fund, with Downer to receive pre-tax proceeds of approximately $64
million.

The sale agreement was previously announced on 13 February 2025 and our interest in the business was
classified as an asset held for sale at 31 December 2024.

Managing Director and Chief Executive Officer, Peter Tompkins, said the sale aligns with Downer’s ongoing
strategic focus on portfolio simplification, allowing the company to prioritise value creation in core markets
with strong opportunities and a lighter capital profile.

“This divestment further strengthens our balance sheet and provides optionality on a range of capital
allocation initiatives,” Mr Tompkins said.

Authorised for release by Downer’s MD and CEO, Peter Tompkins


For further information please contact:
Media: Mitchell Dale, General Manager Corporate Affairs +61 448 362 198
Investors: Mel Buffier, Group Head of Investor Relations +61 411 622 899

About Downer
Downer EDI Limited (Downer) is a leading provider of integrated services across Australia and New Zealand, delivering
and maintaining essential infrastructure that enable communities to thrive.

The demand for our services is shaped by investment in the energy transition, defence capability, government services
and infrastructure expansion necessary to support population growth, and local industry revitalisation.

The sectors where we operate include roads, rail, ports and airports, power, gas, water, telecommunications, energy
networks, health, education, defence, and other government sectors.

Downer is one of Australia’s and New Zealand’s largest private sector employers, with more than 26,000 dedicated
people, who are united by our high-performance culture, known as ‘The Downer Difference’.

For more information visit www.downergroup.com

Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOWNER
www.downergroup.com