BRIEF-Downer EDI announces IMF class action settlement

Feb 27 (Reuters) - Downer EDI Ltd DOW.AX :

* IMF class action settlement

* Says the parties have reached an agreement to settle the claims

* Says settlement has been reached on a commercial basis and without admission of liability by Downer

* Settlement will have no impact on Downer's guidance of net profit after tax of around $215 million for the 2014 financial year

* Says settlement is conditional on the outcome of a vote by the funded shareholders to accept the settlement

* Says details of the settlement are confidential

* Source text: ( Href="Link">http://r.reuters.com/hax27v)

((For more news, please click here DOW.AX ))

((Bangalore Newsroom; +91 80 6749 1130))