LENDLEASE GROUP — Capital/Financing Update 2011

Oct 6, 2011

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ASX Announcement

Lend Lease consortium reaches financial close on Northern Territory prison project

7 October 2011

Lend Lease today announced that financial close has been reached on the Northern Territory Secure Facilities project.

The seNTinel joint venture was nominated in early September as the preferred consortium for the Public Private Partnership project to finance, design, construct and maintain a new prison project in Darwin, Northern Territory.

Baulderstone, part of Lend Lease’s Australian infrastructure business, is undertaking the role of design and construction contractor in a 70 (Baulderstone)/30 joint venture with Sitzler Pty Ltd with a contract value of $495m.

Lend Lease Group Chief Executive Officer and Managing Director, Steve McCann, said reaching financial close is an important milestone that enables work to commence on this significant project for the Northern Territory.

ENDS

For further information, please contact:

Investor Relations: Corporate Affairs: Sally Cameron Jocelyn Harvey Group Executive - Investor Relations Group Head of Corporate Affairs Tel:02 9236 6464 Tel: 02 9277 2683

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