DOW - Works Finance (NZ) Limited - ROADS rate set

Thursday 15th June 2023

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 2023 to the next reset date of 15 June 2024, is 9.81% per annum payable quarterly in arrears. This figure is equal to the One Year Swap Rate on 15 June 2023 of 5.76% per annum plus the Step-up Margin of 4.05% per annum.

It is the intention that Dividends will continue to be fully imputed.

Holders are not required to undertake any action.

Should you require any further information regarding the above please refer to the Prospectus, your financial or professional advisor or your nominated NZX firm.

Authorised for release by Downer’s Chief Financial Officer, Michael Ferguson.

About Downer

Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the heart of everything it does. It exists to create and sustain the modern environment and its promise is to work closely with its customers to help them succeed, using world-leading insights and solutions to design, build and sustain assets, infrastructure and facilities. For more information visit downergroup.com.

For further information please contact:

Media: Mitchell Dale, General Manager Corporate Affairs +61 448 362 198

Investors: Adam Halmarick, Group Head of Investor Relations +61 413 437 487

Works Finance (NZ) Limited - ROADS rate set

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