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Works Finance (NZ) Limited ROADS Rate Set

Date: 15/06/2012

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 2012 (“Step-Up Date”) to the next reset date, being 15 June 2013, is 6.60% per annum payable quarterly in arrears. This figure is equal to the One Year Swap Rate on the Step-Up Date, 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.