Downer EDI Limited and Works Finance (NZ) Limited (previously known as Works Infrastructure Finance (NZ) Limited) wish to advise that in accordance with the terms of the ROADS preference shares, the Dividend Rate on the ROADS preference shares for the period 15 June 2012 (“Step-Up Date”) to the next reset date, being 15 June 2013, is 6.60% per annum payable quarterly in arrears. This figure is equal to the One Year Swap Rate on the Step-Up Date, plus the Step-up Margin of 4.05% per annum.