Ann: GENERAL: WKS: IMF Update

• Release Date: 30/07/13 18:44
• Summary: GENERAL: WKS: IMF Update
• Price Sensitive: No
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WKS
30/07/2013 16:44
GENERAL

REL: 1644 HRS Works Finance (NZ) Limited

GENERAL: WKS: IMF Update

Media/ASX and NZX Release
30 July 2013

IMF Update

On 10 February 2011, Downer EDI Limited (Downer) announced that IMF
(Australia) Ltd (IMF) proposed to fund claims of certain current and former
Downer shareholders against Downer.

While no proceedings have been commenced, Downer has now been invited to
enter into discussions, on a without prejudice basis, with Slater & Gordon
Lawyers (lawyers for a proposed class of shareholders who acquired ordinary
Downer securities between 25 February 2010 and 31 May 2010, inclusive),
failing which Slater & Gordon Lawyers advise they have been instructed to
commence proceedings. No details of the amount of the claims have been
provided by Slater & Gordon Lawyers.

This is the first communication Downer has received in relation to this
matter since the IMF announcement was made in February 2011.

If any proceedings are commenced, Downer will vigorously defend them.

For further information please contact:

Michael Sharp, Group Head of Corporate Affairs and Investor Relations  +61
439 470 145

Downer EDI Limited (www.downergroup.com) provides comprehensive engineering
and infrastructure management services to the public and private Minerals &
Metals, Oil & Gas, Power, Transport Infrastructure, Telecommunications, Water
and Property sectors across Australia, New Zealand and the Asia Pacific
region.
End CA:00239101 For:WKS    Type:GENERAL    Time:2013-07-30 16:44:15