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LENDLEASE GROUP Capital/Financing Update 2010

Feb 18, 2010

65243_rns_2010-02-18_4fb74af7-cbd7-4fdb-9873-5935f5e5493a.pdf

Capital/Financing Update

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ASX Announcement

Response to Media Article

19 February 2010

Lend Lease refers to the media article in today’s Australian Financial Review about a possible capital raising.

Lend Lease is in discussions with its credit ratings agencies following the announcement of a number of recent acquisitions and project wins. We expect the ratings agencies review to be completed in the next month.

There are a number of options available to Lend Lease currently under consideration to fund its pipeline of projects including proceeds from asset sales, third party capital, debt, cash or new equity. Lend Lease is continuing to explore these options and will keep the market informed of any material developments.

ENDS

Lend Lease Corporation Limited ABN 32 000 226 228 Lend Lease Trust ARSN 128 052 595

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