LENDLEASE GROUP — Capital/Financing Update 2011

Dec 6, 2011

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ASX Announcement

Lend Lease realises £42 million from sale of Chelmsford Meadows Unit Trust in the UK

7 December 2011

Lend Lease today announced the sale of its 75% interest in the Chelmsford Meadows Unit Trust to Legal & General Property for a consideration of £42 million (circa A$65 million).

The Chelmsford Meadows Unit Trust owns The Meadows Shopping Centre in Chelmsford, east of London and two retail/commercial properties on the adjacent High Street. The shopping centre has 14,300 sqm of retail space and a multi-storey carpark.

Lend Lease Group Chief Executive Officer and Managing Director, Steve McCann, said Lend Lease will use the proceeds from the sale of its interest in the Partnership to reinvest in our significant development pipeline.

ENDS

For further information, please contact:

Investor Relations: Sally Cameron Group Executive - Investor Relations Tel:02 9236 6464

Corporate Affairs: Iwona Polski Group Media & External Communications Manager Tel: 02 9237 5034

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

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