LENDLEASE GROUP — Capital/Financing Update 2011

Sep 5, 2011

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ASX Announcement

Lend Lease awarded NBN contract in Western Australia

6 September 2011

Lend Lease today announced that the Syntheo Joint Venture has secured a A$174 million contract from NBN Co for the rollout of passive fibre network in Western Australia over an initial two year term, with an option of a further two years at a potential total value of A$484 million.

Syntheo is a 50/50 Joint Venture between Lend Lease’s project management & construction business and Service Stream Limited.

The contract involves the design and construction of the fibre access network across Western Australia over the next two years.

Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann, welcomed this latest award, saying that telecommunications is a rapidly growing sector.

“This project adds to our growing strength in Western Australia and positions the Group for future work in the telecommunications sector, both with NBN and other providers,” said Mr McCann.

Works under the contract are expected to commence immediately upon final approval by the Board of NBN Co.

ENDS

For further information, please contact:

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