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LENDLEASE GROUP Capital/Financing Update 2009

Feb 25, 2009

65243_rns_2009-02-25_f5dce311-d8be-4d68-bb5d-edf0763a540d.pdf

Capital/Financing Update

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Stock Exchange Announcement

Lend Lease Shareholder Purchase Plan

26 February 2009

On 4[th] February 2008 Lend Lease Corporation Limited (“Lend Lease”) announced plans to offer retail investors in Australia and New Zealand the opportunity to acquire shares under a proposed Share Purchase Plan (SPP) up to the value of A$10,000 each.

Following on from the A$302.5 million institutional placement Lend Lease has decided not to proceed with the Share Purchase Plan due to the current market value of its securities remaining below the A$6.05 institutional placement price and a deterioration in equity market conditions.

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