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LENDLEASE GROUP Board/Management Information 2012

Aug 21, 2012

65243_rns_2012-08-21_9e17e883-42b6-4415-bdd5-d6c0cd080ca9.pdf

Board/Management Information

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==> picture [97 x 36] intentionally omitted <==

ASX Announcement

Lend Lease appoints Chief Executive Officer, EMEA

22 August 2012

Lend Lease today announced Mr Simon Hipperson as Chief Executive Officer, Europe Middle East and Africa (EMEA) effective 1 October 2012. Lend Lease announced on 15 May 2012 that the former CEO, Dan Labbad, had been appointed Group Chief Operating Officer effective 2 July 2012. Mr Labbad and the EMEA management team will work closely with Mr Hipperson to ensure a smooth transition over the coming months.

Between 2008 and 2011, Mr Hipperson was a Managing Director of KKR, a leading private equity firm, where he was involved in establishing KKR Global Infrastructure Partners. Prior to this he was Chief Executive of Skanska Infrastructure Development, a leading investor, developer and operator of infrastructure across the UK, Scandinavia, Central Eastern Europe, North America and Latin America. While at Skanska, Mr Hipperson successfully positioned the UK PPP business as the market leading contractor in the design and delivery of capital projects.

Mr Hipperson holds a Graduate Diploma and HND in Construction Management from Anglia Polytechnic, UK.

Lend Lease Group Chief Executive Officer and Managing Director, Steve McCann, welcomed the appointment saying Mr Hipperson had a breadth of experience across target growth markets for Lend Lease in the region.

“I am pleased to welcome Simon to the executive management team,” said Mr McCann. “Simon brings valuable skills and experience across property, infrastructure, construction and investment management that will assist us to deliver our strategy in EMEA. He joins a very capable management team in the region and a business that is well positioned to leverage the market recovery.”

ENDS