ASX Announcements

In accordance with ASX Listing Rule 12.9 (effective from 1 January 2011), below is a link to Downer EDI Limited’s Securities Trading Policy.

Downer EDI Limited (Downer) today announced it has signed a five-year mining service agreement with Idemitsu Australia Resources Pty Ltd (Idemitsu) for the provision of mining services at Boggabri open-cut coal mine in the Gunnedah Basin, New South Wales. Services provided will include drill and blast, mine planning, and load and haul of both overburden and coal.

Downer EDI Limited (Downer) said today work had recommenced at its Cardiff maintenance facility, including on the Waratah train project.

Downer EDI Limited (Downer) announced today that Chris Renwick had retired as a director of the company, effective 9 December 2010.

Final Director’s Interest Notice - to view Appendix 3Z, click the link below.

Downer EDI Limited (Downer) said today it had temporarily ceased operations at its Cardiff manufacturing facility in Newcastle, New South Wales following the positive testing of dust samples for asbestos.

On 3 November, the Chief Executive Officer of Downer EDI Limited (Downer), Grant Fenn, said: “Under the current schedule, the first Waratah train will be ready for acceptance by RailCorp by the end of December and, under the contract, the timing of the entry into service will be determined by RailCorp.”

Downer EDI Limited (Downer) announced today it had successfully completed the book-build of its A$ Syndicated Loan Facility.

Downer EDI Limited (Downer) today announced it had secured further contract wins across the Group valued at approximately $200 million.

A new Constitution for Downer EDI Limited (Downer) was approved by shareholders at Downer’s Annual General Meeting on 3 November 2010.

Downer EDI Limited (Downer) announced today that Mike Harding had been appointed Chairman of the company, following the decision of Peter Jollie AM not to stand for re-election at the Annual General Meeting on 3 November, 2010.

View Appendix 3Z - Final Director's Interest Notice by clicking on the link below.

Following the statement issued this afternoon by NSW Minister for Transport John Robertson, Downer EDI Limited (Downer) confirmed that, based on the current schedule, the first eight car Waratah train set will be ready for acceptance by RailCorp before the end of December.

In accordance with Listing Rule 3.13.2, it is confirmed that the resolutions relating to the following matters were put to the Annual General Meeting of Downer EDI Limited held on Wednesday, 3 November 2010:

Downer EDI Limited (Downer) today announced over $455 million in contract wins across Australia, with Downer’s share of the contract revenue totalling approximately $280 million.

Downer EDI Limited (Downer) today announced it has been awarded a contract valued at approximately A$190 million to expand and upgrade Queensland Rail’s fleet of high speed passenger tilt trains that service the Cairns to Brisbane rail corridor.

Downer EDI Limited (Downer) today announced that it has been awarded preferred tenderer status on a five-year contract with Idemitsu Australia Resources Pty Ltd (Idemitsu) for the provision of mining services at Boggabri open-cut coal mine in New South Wales.

Downer EDI Limited (Downer) today announced approximately A$300 million in rail contract wins and extensions.

Notice of Annual General Meeting 2010

Downer EDI Limited (Downer) today announced it has secured a $120 million contract with Karara Mining Limited for the construction of the 180km, 330kV power transmission line from the Karara Iron Ore Project to Eneabba, in Western Australia.

On 19 August 2010, Downer EDI Limited declared a final dividend of 16 cents per ordinary share, unfranked, to be paid 100% from conduit foreign income with a record date of 1 September 2010 and payable on 1 October 2010.

Downer EDI Limited (Downer) notes that Moody’s has released a ratings review of Reliance Rail Finance Pty Ltd (RRF) debt, triggered by RRF’s receipt of a reservation of rights notice from its banks, as announced by Downer to the ASX on 2 July 2010.

HIGHLIGHTS

• Total revenue1 of $6.1 billion, up 1.9%
• Statutory earnings before interest and tax (EBIT) of $53.4 million and net profit after tax
  (NPAT) of $3.0 million
• Underlying2 EBIT of $317.8 million, up 4.3%
• Underlying NPAT of $197.3 million, up 4.2%
• Underlying operating cashflow of $377.1 million, 119% of underlying EBIT
• Liquidity of $818.5 million, comprising cash of $385.1 million and undrawn committed facilities of
  $433.4 million
• Strong balance sheet with gearing3 of 29.9%
• Investment-grade credit rating (BBB-, stable outlook)
• Final 2010 dividend of 16.0 cents per share declared, taking the full-year dividend to 29.1 cents
  per share
• Record work-in-hand in excess of $20 billion
• Safety performance – LTIFR4: 33% reduction to a 13-year low of 0.94 per million hours worked

Downer EDI Limited (Downer) today announced it has signed a six-year contract, valued at approximately A$3 billion, with Fortescue Metals Group Limited (Fortescue) for the provision of mining services at its Christmas Creek operation in the East Pilbara region of Western Australia.

The Board of Downer EDI Limited (Downer) today announced the appointment of Grant Fenn to the position of Managing Director and Chief Executive Officer, following the resignation of Geoff Knox on 30 July 2010.

Downer EDI Limited (Downer) today announced that its Mining Division has signed contracts with BHP Billiton Mitsubishi Alliance (BMA) to June 2015 at Goonyella Riverside and Norwich Park Mines in the Bowen Basin, Central Queensland.

Downer EDI Limited (Downer) has received a statement from Fitch Ratings stating there will be no rating impact following the announcement on 2 July 2010 that Reliance Rail had received a letter of reservation of rights from its banking syndicate. Downer is currently rated BBB- (Outlook Stable) by Fitch Ratings.

Downer EDI Limited (Downer) today received advice from Reliance Rail Finance Pty Limited (Reliance Rail) regarding the $357 million bank debt facility for the Waratah Trains project.

Downer EDI Limited (Downer) today announced the sale of the company’s remaining 49% of MB Century Drilling, an oil, gas and geothermal drilling business, to Mohamed Al Barwani Holding Company LLC (MB Holding).

Further to the ASX release “Clarification on Downer Cash Position”, Downer EDI Limited (Downer) makes the following additional comments:

Downer EDI Limited (Downer) notes today’s media articles (SMH and The Age), in particular the references to its management of working capital and makes the following comments:

The Board of Downer EDI (Downer) today announced the appointment of Mr Mike Harding as Deputy Chairman, effective 1 July 2010. Mr Harding is currently Chairman of Clough Limited and a Non-Executive Director of Santos Limited and previously held management positions around the world with British Petroleum. He has been a director of Downer since July 2008.

Downer EDI Limited (Downer) today announced it has signed a five-year Maintenance Alliance Agreement with VicRoads valued at $125 million, to perform road maintenance and deliver routine, periodic and minor improvements to the road network in Victoria’s North East.

Downer EDI Limited (Downer) today announced that following an assessment of the Waratah train project and review of asset carrying values, it has raised:

1) a $190 million pre-tax provision on the $1.9 billion NSW Waratah Rolling Stock Manufacture (RSM) project ($133 million NPAT); and

2) a $70 million pre-tax asset impairment charge ($66 million NPAT).

Downer EDI Limited (Downer) notes the attached rating review announced by Fitch today from BBB to BBB-, with a stable outlook.

The Queensland Government today announced that the GoldLinQ consortium has been short-listed to continue in the tender process for the Gold Coast Rapid Transit project.

In response to market speculation and misinformation, Downer EDI Limited (Downer) reconfirms the following comments:

As outlined in Downer’s update to the market on 26 March 2010 we confirm:

• Reliance Rail’s funding arrangements are on a non-recourse basis to Downer and the other Reliance Rail shareholders, and this continues to be the case;

• Downer is not obligated to provide further equity to Reliance Rail; and

• Any support Downer may choose to offer Reliance Rail would not be material to Downer.

Further, the speculation of such an equity raising related to Reliance Rail is inaccurate and there is no such mandate in place between Downer and any investment bank.

Downer EDI Limited (Downer) today announced it has secured new orders totalling more than $300 million across the Group.

Downer EDI Limited (Downer) today announced it has been awarded preferred tenderer status on a six-year contract with Fortescue Metals Group Limited, for the provision of mining services at its Christmas Creek operation in the east Pilbara Region of Western Australia.

Pursuant to Listing Rule 3.14, we advise that Downer EDI Limited’s registered office will be located at the Company’s new offices in the Triniti Business Campus at North Ryde effective today, 13 May 2010.

Downer EDI Limited (Downer) today announced it has been contracted to provide telecommunications network design services to NBN Co for its First Release Site pilot programme.

Downer EDI Ltd (Downer) today confirmed the manufacture of the first six Waratah train sets is well underway, and looks forward to the delivery of the first full set into service in late 2010.

Geoff Knox today hosted a conference call for investors and analysts to address questions arising from the Moody’s and Standard and Poor’s credit ratings announcements on Reliance Rail. An audio recording of the call is available for download at the bottom of this page.

On 25 February 2010 Downer EDI Limited declared an interim dividend of 13.1 cents per ordinary share, unfranked, to be paid 100% from conduit foreign income with a record date of 9 March 2010 and payable on 9 April 2010.

At the half-year results presentation, Downer EDI CEO, Geoff Knox noted that Downer EDI is “monitoring Reliance Rail’s monoline insurers going forward.”