LENDLEASE GROUP — Capital/Financing Update 2009

Oct 8, 2009

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ASX Announcement

Lend Lease announces sale of shares in the Dome

9 October 2009

Lend Lease Corporation Limited (“Lend Lease”) today announced that its subsidiary Lend Lease Europe Limited, with its joint venture partner Quintain Estates & Development plc (“Quintain”), has completed the sale of the share capital in Meridian Delta Dome Limited (MDDL) to Trinity College Cambridge for a consideration of £24 million.

Lend Lease and Quintain continue to own and manage the regeneration of the surrounding 150 acres through the Greenwich Peninsula Regeneration Ltd (GPRL) joint venture.

MDDL has the benefit of a 999 year lease of the land on which the Millennium Dome sits, together with the surrounding land. By purchasing MDDL, Trinity College will have the benefit of the rental income paid by AEG via its under-lease of The O2 Arena. The sale of MDDL does not affect AEG’s lease or their continued operation of The O2 Arena.

Lend Lease and Quintain formed MDDL when they acquired the right to develop the wider scheme at Greenwich Peninsula. GPRL are now transforming it into a 14.1 million sq ft new district for London comprising commercial, academic, retail and residential buildings.

Steve McCann, Chief Executive Officer of Lend Lease said: “Greenwich Peninsula is one of Lend Lease’s flagship urban regeneration projects in the London market. The sale of the shares in MDDL marks an important milestone in the project and fits with Lend Lease’s strategy of recycling its capital to drive the group’s return on equity.”

ENDS

For further information please contact:

Sally Cameron Lend Lease Corporation Tel: 02 9236 6464

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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