LENDLEASE GROUP — Board/Management Information 2020

Feb 3, 2020

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Lendlease appoints Robert Welanetz to the Board

Lendlease today announced the appointment of Robert (Bob) Welanetz to the Lendlease Board as an independent non-executive director, effective 1 March 2020. Mr Welanetz will stand for election at Lendlease’s Annual General Meeting on 20 November 2020.

Mr Welanetz is based in the US and has significant executive, advisory, strategic and operational experience in the property and construction sectors, gained over an international career spanning over 40 years.

In his most recent role, Mr Welanetz served as Chief Executive Officer in the property division of Majid Al Futtaim (MAF), based in Dubai, where he had overall responsibility for managing MAF’s property portfolio and development pipeline. Mr Welanetz retired from that position in 2018. Prior to joining MAF, Mr Welanetz spent over seven years in a global role in Blackstone’s Real Estate Group advising and identifying acquisition opportunities in retail real estate and providing strategic guidance for Blackstone’s portfolio of retail assets and retail operating companies.

Mr Welanetz also served as Chief Executive Officer of Shanghai Kinghill Ltd, based in China, with responsibility for the operations and delivery of retail and development projects in mainland China. Prior to this, Mr Welanetz was President and Chief Executive Officer, Retail at Jones Lang LaSalle Inc Americas.

Mr Welanetz holds a Bachelor of Science degree from Colorado State University. He is a former Chairman of the International Council of Shopping Centres and served on the board of the Galileo Property Trust, an Australian shopping centre investor.

Lendlease Chairman Michael Ullmer said Mr Welanetz brings to the Board significant industry experience gained over many years as an international property executive.

“Bob is an excellent addition to the Board as he has deep industry experience in Lendlease’s core segments of Development, Construction and Investments, having worked with a diverse range of clients in the US, Australia, Asia and the Middle East. Bob’s appointment to the Board, together with the appointment of Baroness Margaret Ford announced in October 2019, reflects the Board’s structured approach to director succession planning and in supporting management in the delivery of the more than $100 billion global development pipeline, of which a significant proportion is outside of Australia.”

ENDS

For further information, please contact:

Investors:

Justin McCarthy Mob: +61 422 800 321

Media:

Stephen Ellaway Mob: +61 417 851 287

Authorised for lodgement by Wendy Lee, Company Secretary

Lendlease Corporation Limited ABN 32 000 226 228 and Lendlease Responsible Entity Limited ABN 72 122 883 185 AFS Licence 308983 as responsible entity for Lendlease Trust ABN 39 944 184 773 ARSN 128 052 595

Level 14, Tower Three, International Towers Sydney Exchange Place, 300 Barangaroo Avenue Barangaroo NSW 2000 Australia

Telephone +61 2 9236 6111 Facsimile +61 2 9252 2192 lendlease.com

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