Ann: GENERAL: WKS: US Private Placement Issue

• Release Date: 12/06/15 08:30
• Summary: GENERAL: WKS: US Private Placement Issue
• Price Sensitive: No
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					WKS
12/06/2015 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS Works Finance (NZ) Limited

GENERAL: WKS: US Private Placement Issue

11 June 2015

US PRIVATE PLACEMENT ISSUE

Downer EDI Limited (Downer) announced today it had priced a new issue of 10
year fixed rate senior unsecured US Private Placement Notes. Two tranches of
Notes were issued, with one denominated in US dollars for an amount of US$100
million and the other in Australian dollars for A$30 million.

The proceeds will be used for general corporate purposes and will extend the
duration of Downer's debt portfolio.

The issue was oversubscribed but was capped at the above amounts and fully
hedged into fixed rate Australian dollars for the 10 year term at a pricing
level which is in line with current market.

This transaction marks the first time Downer has returned to the US capital
markets since 2004 and was well supported by major US institutional
investors.

J.P. Morgan Securities LLC and ANZ Securities, Inc. acted as Lead Placement
Agent and Co-Placement Agent, respectively.

The transaction remains subject to execution of final documentation and is
scheduled to complete on 8 July 2015.

Downer is rated BBB (Stable) by Fitch Ratings.

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 (Downer) is a leading provider of services to customers in
markets including Transportation, Mining, Energy and Industrial Engineering,
Utilities, Communications and Facilities. Downer employs about 20,000 people,
mostly in Australia and New Zealand but also in the Asia-Pacific region,
South America and Southern Africa.
End CA:00265581 For:WKS    Type:GENERAL    Time:2015-06-12 08:30:53