Downer completes transition of underground services

DOWNER COMPLETES TRANSITION OF UNDERGROUND SERVICES Downer EDI Limited (Downer) announced today that it had completed the transition of underground mining services at OZ Minerals' Carrapateena mine to Byrnecut Australia. As announced on 20 January 2021, the transition included the transfer of equipment from Downer to Byrnecut. Downer confirms it has received $56 million (representing book value) for the sale of plant and equipment and, when combined with the unwinding of working capital, the proceeds to Downer will total approximately $70 million. Authorised for release by Downer's Chief Executive Officer, Grant Fenn. For further information please contact: Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470 145 End CA:00368629 For:DOW Type:GENERAL Time:2021-03-04 13:54:20