LENDLEASE GROUP — Capital/Financing Update 2007

Nov 27, 2007

28 November 2007

The Manager Companies Section Australian Stock Exchange Limited

The Manager Companies Section New Zealand Stock Exchange Limited

Pages: Two (2) pages

Dear Sir

Stock Exchange Announcement

Bovis Lend Lease consortium reaches contractual close on A$1 billion Royal Children’s Hospital redevelopment

Lend Lease Corporation Limited (“Lend Lease”) today announced that its subsidiary, Bovis Lend Lease Limited (“Bovis Lend Lease”), as part of the Children’s Health Partnership which also includes Babcock & Brown Limited and Spotless Group Limited, has reached contractual close with the Victorian Government for the A$1 billion Royal Children’s Hospital project in Melbourne, Australia.

The Royal Children’s Hospital project is the largest hospital redevelopment in Australia and Bovis Lend Lease will be responsible for the project management, design and construction.

Construction is scheduled to begin later this year, with the new hospital expected to open in 2011.

Further details are included in the attached media statement.

Yours faithfully LEND LEASE CORPORATION LIMITED

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S J SHARPE Company Secretary

Lend Lease Corporation Limited Telephone +612 9236 6111 ABN 32 000 226 228 Facsimile +612 9252 2192 Level 4, 30 The Bond www.lendlease.com 30 Hickson Road Millers Point NSW 2000 Australia

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Media Release

Bovis Lend Lease consortium reaches contractual close on A$1 billion Royal Children’s Hospital redevelopment

28 November 2007

Victorian Premier, John Brumby, has announced that the Victorian Government has reached contractual close with the Children’s Health Partnership consortium, comprising Bovis Lend Lease, Babcock & Brown and Spotless Group, for the redevelopment of the new A$1 billion Royal Children’s Hospital in Melbourne.

As part of the consortium, Bovis Lend Lease will be responsible for the project management, design and construction of the new world-class facility, which is scheduled to open in 2011.

General Manager of Bovis Lend Lease – Victoria, Mr Geoff Moore, said construction would commence immediately.

“With contractual close now reached, we are looking forward to working with the Victorian Government on one of the largest and most important health projects ever undertaken in Australia’s history.

“The new Royal Children’s Hospital will showcase Bovis Lend Lease’s full design, project management and construction service offering,” Mr Moore said.

On 1 November 2007, Bovis Lend Lease was also appointed to provide building consulting services for Gold Coast University Hospital Project.

Mr Moore said Bovis Lend Lease’s international expertise in the delivery of major healthcare projects had been integral to its recent successes in the health sector.

ENDS

Further information:

Geoff Moore General Manager Bovis Lend Lease – Victoria Tel: 03 8600 6200

Trudy Wise Principal Wise McBaron Communication Tel: 02 9279 4770 or 0418 220 028

Telephone +612 9236 6111 Facsimile +612 9252 2192 www.lendlease.com

Lend Lease Corporation Limited ABN 32 000 226 228 Level 4, 30 The Bond 30 Hickson Road Millers Point NSW 2000 Australia

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