LENDLEASE GROUP — Capital/Financing Update 2011

Nov 13, 2011

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ASX Announcement

Lend Lease awarded NBN contract for SA/NT

14 November 2011

Lend Lease today announced that the Syntheo Joint Venture has secured a circa A$141 million contract from NBN Co for the rollout of a passive fibre network in South Australia and the Northern Territory. The contract is for an initial two year term, with an option of a further two years at a potential total value of circa A$341 million.

Syntheo is a 50/50 Joint Venture between Lend Lease’s project management & construction business and Service Stream Limited. The JV was recently awarded a contract from NBN Co for similar work in Western Australia.

Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann, welcomed this latest award which is the third NBN Co contract secured by the Group.

“With the contracts awarded to the Syntheo JV and our infrastructure services business, Lend Lease is now working on fibre access rollout in four states and territories,” said Mr McCann.

“This project positions the Group well for future work in the telecommunications sector, both with NBN and other clients.”

Works under the contract are expected to commence this month.

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