Downer suspends review of Mining business

On 22 August 2019, Downer EDI Limited (Downer) announced it was undertaking a review of its portfolio of businesses and that its Mining business would be an important area of focus. Downer announced today that the review process relating to its Mining business, including a potential sale, had been suspended due to the extraordinary market volatility caused by the COVID-19 pandemic. The process in relation to the potential sale of Downer's Laundries business is continuing and Downer will keep the market informed. The Chief Executive Officer of Downer, Grant Fenn, said Downer's Mining business was performing well. "As we said when we announced the portfolio review, Downer's Mining business is a leader in Australia with a proven track record and it is well positioned to build on its strong market position and pipeline of work," Mr Fenn said. For further information please contact: Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470 145 End CA:00349998 For:DOW Type:GENERAL Time:2020-03-16 10:19:57