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Ann: GENERAL: DOW: IMF Class Action Settlement

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    					DOW
    28/02/2014 10:04
    GENERAL
    
    REL: 1004 HRS Downer EDI Limited
    
    GENERAL: DOW: IMF Class Action Settlement
    
    Media/ASX and NZX Release
    27 February 2014
    IMF Class Action Settlement
    
    Downer EDI Limited (Downer) refers to its announcement on 30 July 2013 that
    it had agreed to enter into without prejudice discussions with Slater &
    Gordon Lawyers in relation to a proposed IMF funded action. The action
    related to claims by certain current and former Downer shareholders who had
    acquired ordinary Downer securities between 25 February 2010 and 31 May 2010,
    inclusive.
    
    As a result of those discussions, the parties have reached an agreement to
    settle the claims. The settlement has been reached on a commercial basis and
    without admission of liability by Downer. The settlement is conditional on
    the outcome of a vote by the funded shareholders to accept the settlement.
    The details of the settlement are confidential.
    
    The settlement will have no impact on Downer's guidance of Net Profit After
    Tax of around $215 million for the 2014 financial year.
    
    For further information please contact:
    
    Michael Sharp, Group Head of Corporate Affairs and Investor Relations
       +61 439 470145
    Luke Thrum, Manager Investor Relations
          +61 459 828720
    
    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:00247633 For:DOW    Type:GENERAL    Time:2014-02-28 10:04:12
    				
 
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