LENDLEASE GROUP — Capital/Financing Update 2010

Apr 12, 2010

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ASX Announcement

Framework Agreement for Stratford City, London

13 April 2010

Lend Lease announced on 6 April 2010 that its subsidiary, Lend Lease Europe Limited, had concluded negotiations with London Continental Railways (LCR) for the regeneration of LCR landholdings at the Stratford City site in east London.

Lend Lease today advised it has now signed a Conditional Framework Agreement with LCR for the next stage of the Stratford City regeneration project.

The Agreement provides for the establishment of a 50/50 joint venture company between LCR and Lend Lease. The joint venture company will appoint Lend Lease as the development manager of the Stage 2 site.

Construction of the development is expected to start post the London Olympic and Paralympic Games in 2013.

ENDS

For further information please contact:

Sally Cameron Group Executive - Investor Relations Ph: +61 2 9236 6464

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

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Level 4, 30 The Bond 30 Hickson Road Millers Point NSW 2000 Australia

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