Downer completes sale of 70% of Laundries business

DOWNER COMPLETES SALE OF 70% OF LAUNDRIES BUSINESS Downer EDI Limited (Downer) announced today it had completed the sale of 70% of its Laundries business to an entity established by Australian private equity firm, Adamantem Capital. As announced on 2 December 2020, the sale has resulted in Downer receiving total proceeds of $155 million on a cash and debt free basis. Authorised for release by Downer's Chief Financial Officer, Michael Ferguson. For further information please contact: Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470 145 End CA:00370128 For:DOW Type:GENERAL Time:2021-04-01 11:09:02