Australian Securities Exchange and NZX
29 June 2010
CLARIFICATION ON DOWNER CASH POSITION
Downer EDI Limited (Downer) notes todays media articles(SMH and The Age), in particular the references to its management of working capital and makes the following comments:
Downer has ample liquidity with in excess of $600 million in available facilities and cash balances.
The Works Australia division expects to pay all creditors as per agreed creditor terms whilst meeting its internal cash targets.
The $35 million referred to in the articles relates to identified collectable debtors not creditors as inferred and a significant portion of this amount is expected to be received by year end.
Downer will continue to manage its debtors and creditors to ensure a strong and balanced focus on total management of working capital.
Australian Securities Exchange and NZX29 June 2010CLARIFICATION...
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