LENDLEASE GROUP — Capital/Financing Update 2011

Sep 26, 2011

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ASX Announcement

Distribution Reinvestment Plan Issue Price

27 September 2011

On 26 August 2011 Lend Lease declared a final unfranked distribution of 15 cents per stapled security with a Record Date of 16 September 2011 and payable on 30 September 2011.

The issue price of securities to be allotted to participants in the Distribution Reinvestment Plan for the above distribution is $7.2820 per security. This is based on the arithmetic average of the daily volume weighted average price of LLC securities sold on the ASX during normal trading hours (adjusted to exclude ‘special’ and other non-market trades) for the period of 6 consecutive business days immediately following the Record Date (that is, during the period 19 September 2011 to 26 September 2011 inclusive).

ENDS

For further information, please contact:

Investor Relations: Corporate Affairs: Sally Cameron Iwona Polski Group Executive - Investor Relations Media & External Communications Manager Tel: 02 9236 6464 Tel: 02 9237 5034

Lend Lease Corporation Limited ABN 32 000 226 228 and

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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