Change in substantial holding

To Company Name/ SchemeDowner EDI Limited
ACN/ ARSN003 872 848
1. Details of substantial holder (1)
NameL1 Capital Pty Ltd and L1 Capital Strategic Equity Management Pty Ltd
ACN/ ARSN (if applicable)L1 Capital Pty Ltd (125 378 145) and L1 Capital Strategic Equity Management Pty Ltd (648 751 928)
There was a change in the interests of the substantial holder on
The previous notice was given to the company on
The previous notice was dated
2. Previous and present voting power
*Based on issued capital of 671,573,679 shares
3. Changes in relevant interests
See Annexure A
4. Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
See Annexure B
Voting power (5)
FPO
Class of securities (4)
5.68%
Person's votesVoting power (5)Person's votes
46,656,647 6.95%38,160,324
Person's votes affected
Person whose relevant interest
changedNature of change (6)
Consideration given in
relation to change (7)
18/08/2025
19/09/2024
19/09/2024
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 when
last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
Present noticePrevious notice
Person's votes
Form 604
Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial
holder was last required to give a substantial holding notice to the company or scheme are as follows:
Date of change
Class and number of
securities affected
Registered Holder of securities
Person entitled to be
registered as holder (8)Nature of relevant interest
Class and number of
securities
Holder of relevant
interest

5. Changes in association
6. Addresses
The addresses of persons named in this form are as follows:
Signature
Print nameCapacity
Sign hereDate
DIRECTIONS
(1)
(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 person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)Include details of:
(a)
(b)
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7)
(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)Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
L1 Capital Strategic Equity Management Pty LtdLevel 45, 101 Collins Street, Melbourne, VIC, 3000
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.
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 6 of the
form.
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).
The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in
the company or scheme are as follows:
Nature of association
Name
L1 Capital Pty Ltd
Address
Name and ACN/ ARSN (if applicable)
N/A
Level 45, 101 Collins Street, Melbourne, VIC, 3000
any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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
20/08/2025
Jane StewartHead of Legal & Compliance

Annexure A
L1 Capital Pty Ltd (ACN 125 378 145) and L1 Capital Strategic Equity Management Pty Ltd (ACN 648 751 928) change in substantial holding in Downer EDI Limited.
This is Annexure "A" of 5 pages referred to in the Form 604 (Notice of change of interests of substantial holder)
Print NameJane StewartCapacityHead of Legal & Compliance
Sign HereDate
20/08/2025
Changes in relevant interests
20/09/2024L1 Capital Pty Ltd
On-Market Sale
2,066,326.22$
381,241
FPO
381,241
23/09/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
7,039.34$ 1,306
FPO
1,306
24/09/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
25,513.44$ 4,622
FPO
4,622
24/09/2024L1 Capital Pty Ltd
On-Market Sale
2,805,000.00$
510,000
FPO
510,000
25/09/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
4,314.88$ 780
FPO
780
25/09/2024L1 Capital Pty Ltd
On-Market Sale
4,314.88$ 780
FPO
780
30/09/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
29,795.66$
5,424
FPO
5,424
30/09/2024L1 Capital Pty Ltd
On-Market Sale
29,795.66$
5,424
FPO
5,424
1/10/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
151,485.57$ 27,593
FPO
27,593
1/10/2024L1 Capital Pty Ltd
On-Market Sale
403,580.88$ 73,512
FPO
73,512
2/10/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
362,319.42$
66,293
FPO
66,293
2/10/2024L1 Capital Pty Ltd
On-Market Sale
969,724.88$ 177,429
FPO
177,429
3/10/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
986,772.48$ 181,392
FPO
181,392
4/10/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
2,706,068.83$
500,978
FPO
500,978
8/10/2024L1 Capital Pty Ltd
On-Market Sale
780,313.34$ 142,855
FPO
142,855
9/10/2024L1 Capital Pty Ltd
On-Market Sale
5,907,714.11$ 1,080,000
FPO
1,080,000
11/10/2024L1 Capital Pty Ltd
On-Market Sale
100,245.14$
18,237
FPO
18,237
14/10/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
7,455.07$ 1,355
FPO
1,355
14/10/2024L1 Capital Pty Ltd
On-Market Sale
230,066.79$ 41,763
FPO
41,763
15/10/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
5,805.30$ 1,046
FPO
1,046
15/10/2024L1 Capital Pty Ltd
On-Market Sale
11,188,220.41$ 2,036,205
FPO
2,036,205
16/10/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
3,897.12$ 706
FPO
706
17/10/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
146,665.14$ 26,097
FPO
26,097
Date of changePerson whose relevant interest changed
Class and number of securities
affectedNature of change (6)Person's votes affected
Consideration given in
relation to change (7)

23/10/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
308,829.99$ 56,049
FPO
56,049
28/10/2024
L1 Capital Strategic Equity Management Pty Ltd
On-Market Purchase
4,952.96$ 872
FPO
872
29/10/2024
L1 Capital Strategic Equity Management Pty Ltd
On-Market Purchase
166,763.52$
28,952
FPO
28,952
31/10/2024
L1 Capital Strategic Equity Management Pty Ltd
On-Market Sale
776,643.94$
138,527
FPO
138,527
31/10/2024L1 Capital Pty Ltd
On-Market Purchase
266,934.59$ 47,674
FPO
47,674
1/11/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
6,011.41$ 1,091
FPO
1,091
7/11/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
103,006.08$
17,883
FPO
17,883
12/11/2024L1 Capital Pty Ltd
On-Market Sale
3,734,942.77$ 651,469
FPO
651,469
13/11/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
4,581.76$ 808
FPO
808
13/11/2024L1 Capital Pty Ltd
On-Market Sale
4,581.76$
808
FPO
808
14/11/2024L1 Capital Pty Ltd
On-Market Sale
4,017,572.68$ 709,192
FPO
709,192
15/11/2024L1 Capital Pty Ltd
On-Market Purchase
364,780.68$ 64,392
FPO
64,392
18/11/2024L1 Capital Pty Ltd
On-Market Purchase
4,268,653.09$
748,284
FPO
748,284
20/11/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
535,802.25$ 93,183
FPO
93,183
26/11/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
5,681.74$ 983
FPO
983
27/11/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
84,600.82$
14,437
FPO
14,437
3/12/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
2,829.34$ 482
FPO
482
10/12/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
6,157.56$ 1,058
FPO
1,058
11/12/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
4,733.59$
829
FPO
829
12/12/2024L1 Capital Pty Ltd
On-Market Purchase
33,543,604.85$ 6,266,447
FPO
6,266,447
13/12/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
2,561.50$ 470
FPO
470
17/12/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
18,619.88$
3,404
FPO
3,404
18/12/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
343,736.95$ 63,071
FPO
63,071
19/12/2024L1 Capital Pty Ltd
On-Market Purchase
1,570,444.07$ 292,827
FPO
292,827
20/12/2024L1 Capital Pty Ltd
On-Market Purchase
13,162,374.94$
2,461,623
FPO
2,461,623
27/12/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
2,723.84$
512
FPO
512
30/12/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
49,031.88$ 9,182
FPO
9,182
31/12/2024
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
121,542.75$ 23,151
FPO
23,151
2/01/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
6,148.98$
1,158
FPO
1,158
3/01/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
2,862.00$ 540
FPO
540
10/01/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
11,420.53$ 2,209
FPO
2,209
17/01/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
2,529.12$
479
FPO
479
22/01/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
2,055.00$ 375
FPO
375
23/01/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
4,618.56$ 849
FPO
849
29/01/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
54,226.26$ 9,666
FPO
9,666
30/01/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
3,390.34$ 599
FPO
599
31/01/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
6,612.42$ 1,154
FPO
1,154
3/02/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
7,356.58$ 1,309
FPO
1,309
6/02/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
5,470.18$ 958
FPO
958
7/02/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
8,542.72$ 1,504
FPO
1,504
10/02/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
180,712.00$ 32,270
FPO
32,270

12/02/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
3,230.10$ 582
FPO
582
17/02/2025
L1 Capital Strategic Equity Management Pty Ltd
On-Market Purchase
18,596.31$ 3,463
FPO
3,463
18/02/2025L1 Capital Pty Ltd
On-Market Purchase
1,067,013.11$
197,520
FPO
197,520
19/02/2025
L1 Capital Strategic Equity Management Pty Ltd
On-Market Sale
95,010.45$
17,119
FPO
17,119
24/02/2025
L1 Capital Strategic Equity Management Pty Ltd
On-Market Purchase
5,858.10$
1,035
FPO
1,035
25/02/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
14,139.84$ 2,472
FPO
2,472
26/02/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
6,427.78$
1,154
FPO
1,154
27/02/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
280,566.47$
50,371
FPO
50,371
27/02/2025L1 Capital Pty Ltd
On-Market Sale
7,563,466.45$
1,347,006
FPO
1,347,006
28/02/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
77,425.53$
14,001
FPO
14,001
3/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
76,004.50$ 13,819
FPO
13,819
5/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
18,234.37$ 3,383
FPO
3,383
7/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
84,735.00$
15,750
FPO
15,750
10/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
78,534.72$ 14,652
FPO
14,652
12/03/2025L1 Capital Pty Ltd
On-Market Purchase
1,135,519.75$ 221,500
FPO
221,500
13/03/2025L1 Capital Pty Ltd
On-Market Purchase
1,027,000.00$
200,000
FPO
200,000
14/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
201,273.14$ 37,785
FPO
37,785
14/03/2025L1 Capital Pty Ltd
On-Market Purchase
201,273.14$ 37,785
FPO
37,785
17/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
232,200.00$
43,000
FPO
43,000
18/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
4,703.35$ 863
FPO
863
19/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
14,469.00$ 2,730
FPO
2,730
19/03/2025L1 Capital Pty Ltd
On-Market Purchase
2,127,499.50$
401,415
FPO
401,415
20/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
3,491.62$ 649
FPO
649
20/03/2025L1 Capital Pty Ltd
On-Market Purchase
52,092.72$ 9,829
FPO
9,829
24/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
64,151.12$
11,836
FPO
11,836
26/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
4,155.89$
758
FPO
758
26/03/2025L1 Capital Pty Ltd
On-Market Sale
889,082.73$ 162,241
FPO
162,241
31/03/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
74,020.94$ 13,657
FPO
13,657
31/03/2025L1 Capital Pty Ltd
On-Market Purchase
8,143.98$ 1,497
FPO
1,497
2/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
87,246.00$ 15,720
FPO
15,720
4/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
32,695.74$ 6,066
FPO
6,066
7/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
13,281.84$
2,574
FPO
2,574
8/04/2025L1 Capital Pty Ltd
On-Market Purchase
483,275.86$ 91,069
FPO
91,069
9/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
89,318.74$ 17,243
FPO
17,243
11/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
83,708.93$ 15,473
FPO
15,473
15/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
34,446.08$ 6,332
FPO
6,332
16/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
262,748.08$ 48,685
FPO
48,685
16/04/2025L1 Capital Pty Ltd
On-Market Sale
362,553.24$ 66,872
FPO
66,872
17/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
15,301.00$ 2,782
FPO
2,782
28/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
578,196.84$ 102,882
FPO
102,882
29/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
1,042,356.74$ 182,838
FPO
182,838

30/04/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
2,377,666.84$ 416,404
FPO
416,404
30/04/2025L1 Capital Pty Ltd
On-Market Sale
349,513.09$ 61,230
FPO
61,230
1/05/2025
L1 Capital Strategic Equity Management Pty Ltd
On-Market Sale
1,227,046.50$
212,200
FPO
212,200
2/05/2025
L1 Capital Strategic Equity Management Pty Ltd
On-Market Sale
836,526.61$
144,985
FPO
144,985
5/05/2025
L1 Capital Strategic Equity Management Pty Ltd
On-Market Sale
1,771,875.69$
309,793
FPO
309,793
6/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
1,522,653.88$ 266,624
FPO
266,624
7/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
26,775.30$
4,470
FPO
4,470
8/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
3,357.75$
555
FPO
555
12/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
6,354.90$ 1,035
FPO
1,035
13/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
9,878.17$
1,601
FPO
1,601
16/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
774,016.71$ 126,267
FPO
126,267
19/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
1,342,061.05$ 218,427
FPO
218,427
19/05/2025L1 Capital Pty Ltd
On-Market Purchase
743,595.25$
120,957
FPO
120,957
20/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
851,017.72$ 138,818
FPO
138,818
21/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
1,463,431.45$ 238,026
FPO
238,026
22/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
3,404,341.80$
556,265
FPO
556,265
22/05/2025L1 Capital Pty Ltd
On-Market Sale
9,659,655.00$ 1,578,375
FPO
1,578,375
23/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
273,050.78$ 44,494
FPO
44,494
23/05/2025L1 Capital Pty Ltd
On-Market Sale
781,349.65$
127,322
FPO
127,322
26/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
400,548.94$ 65,441
FPO
65,441
26/05/2025L1 Capital Pty Ltd
On-Market Sale
1,153,702.89$ 188,490
FPO
188,490
27/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
262,718.64$
42,788
FPO
42,788
27/05/2025L1 Capital Pty Ltd
On-Market Sale
762,042.47$ 124,111
FPO
124,111
28/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
662,620.95$ 108,241
FPO
108,241
28/05/2025L1 Capital Pty Ltd
On-Market Sale
239,499.84$
38,957
FPO
38,957
29/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
277,678.10$
45,521
FPO
45,521
29/05/2025L1 Capital Pty Ltd
On-Market Sale
821,560.20$ 134,682
FPO
134,682
30/05/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
3,579,711.54$ 587,171
FPO
587,171
3/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
635,882.88$
104,586
FPO
104,586
4/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
2,251,015.65$ 368,415
FPO
368,415
10/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
5,090.06$ 829
FPO
829
11/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
2,975.46$
491
FPO
491
12/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
14,619.60$ 2,358
FPO
2,358
13/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
2,398,716.45$ 385,000
FPO
385,000
16/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
265,819.20$ 42,060
FPO
42,060
18/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
3,650.78$ 586
FPO
586
19/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
2,671.80$ 438
FPO
438
20/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
5,672.16$ 936
FPO
936
23/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
5,889.00$ 975
FPO
975
24/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
3,287.51$ 521
FPO
521
25/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
7,252.37$ 1,153
FPO
1,153

26/06/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
2,682,535.56$ 428,397
FPO
428,397
30/06/2025
L1 Capital Strategic Equity Management Pty Ltd
On-Market Sale
58,026.76$ 9,196
FPO
9,196
1/07/2025
L1 Capital Strategic Equity Management Pty Ltd
On-Market Purchase
4,132.80$
656
FPO
656
9/07/2025
L1 Capital Strategic Equity Management Pty Ltd
On-Market Sale
669,592.56$
103,974
FPO
103,974
17/07/2025
L1 Capital Strategic Equity Management Pty Ltd
On-Market Sale
12,450.90$
1,815
FPO
1,815
21/07/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
14,798.88$ 2,151
FPO
2,151
22/07/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
3,217.63$
467
FPO
467
23/07/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
7,679.70$
1,113
FPO
1,113
28/07/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
2,961.72$ 433
FPO
433
30/07/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
8,905.68$
1,302
FPO
1,302
31/07/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
57,435.96$ 8,309
FPO
8,309
31/07/2025L1 Capital Pty Ltd
On-Market Sale
1,284,306.46$ 185,859
FPO
185,859
1/08/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
4,719.86$
685
FPO
685
1/08/2025L1 Capital Pty Ltd
On-Market Sale
483,686.51$ 70,000
FPO
70,000
4/08/2025L1 Capital Pty Ltd
On-Market Sale
1,473,508.80$ 213,552
FPO
213,552
5/08/2025L1 Capital Pty Ltd
On-Market Sale
3,941,720.53$
566,448
FPO
566,448
7/08/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
3,883.47$ 561
FPO
561
7/08/2025L1 Capital Pty Ltd
On-Market Sale
3,883.47$ 561
FPO
561
8/08/2025L1 Capital Pty Ltd
On-Market Sale
338,996.52$
48,813
FPO
48,813
12/08/2025L1 Capital Pty Ltd
On-Market Sale
1,606,446.79$ 233,742
FPO
233,742
13/08/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Purchase
4,527.60$ 660
FPO
660
14/08/2025L1 Capital Pty Ltd
On-Market Sale
1,310,268.30$
191,718
FPO
191,718
15/08/2025L1 Capital Pty Ltd
On-Market Sale
2,035,821.80$ 295,166
FPO
295,166
18/08/2025
L1 Capital Strategic Equity Management Pty Ltd On-Market Sale
19,118.82$ 2,787
FPO
2,787
18/08/2025L1 Capital Pty Ltd
On-Market Sale
2,755,029.76$
400,000
FPO
400,000
19/08/2025L1 Capital Pty Ltd
On-Market Sale
2,163,826.38$
313,566
FPO
313,566
20/08/2025L1 Capital Pty Ltd
On-Market Sale
9,272,052.40$ 1,336,434
FPO
1,336,434

Annexure B
L1 Capital Pty Ltd (ACN 125 378 145) and L1 Capital Strategic Equity Management Pty Ltd (ACN 648 751 928) change in substantial holding in Downer EDI Limited.
This is Annexure "B" of 1 page referred to in the Form 604 (Notice of change of interests of substantial holder)
Print NameJane StewartCapacityHead of Legal & Compliance
Sign HereDate
20/08/2025
Details of present relevant interests
Holder of relevant interestRegistered holder of securities
Persons entitled to be a registered holder
Nature of relevant
interest
Morgan Stanley & Co. International PLCMorgan Stanley & Co. International PLC
Power to (or to control)
exercise vote and/or dispose of
the securities as discretionary
investment managers or
advisers of superannuation
funds, pooled superannuation
trusts, managed investment
schemes and investment
management agreements.
3,816,148 FPO
Merrill Lynch (Australia) Nominees Pty LtdMerrill Lynch (Australia) Nominees Pty Ltdas above3,712,366 FPO
Goldman Sachs InternationalGoldman Sachs Internationalas above4,101,486 FPO
Citicorp Nominees Pty LtdCiticorp Nominees Pty Ltdas above15,966,977 FPO
JPMorgan Chase Bank, N.A.JPMorgan Chase Bank, N.A.as above10,052,422 FPO
State Street Australia Limited (SSAL)State Street Australia Limited (SSAL)as above510,925 FPO
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
Class and number of securities
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd