LENDLEASE GROUP — Capital/Financing Update 2011

Jun 2, 2011

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ASX Announcement

Lend Lease signs A$975 million syndicated loan facility

3 June 2011

Lend Lease today announced it has secured an A$975 million syndicated loan facility. The financing was launched with an initial targeted amount of A$750 million, but this was increased to A$975 million following strong support from lenders.

The new facility comprises a three year term tranche with a limit of A$595 million maturing in July 2014 and a five year term tranche with a limit of A$380 million maturing in July 2016. The new facility is based on Lend Lease’s current terms and conditions and there are no changes to the Group’s existing financial covenants. The proceeds will be used to refinance the Group’s fully drawn A$570 million club facility that was maturing in December 2011.

Lend Lease Group Chief Financial Officer, Brad Soller, said the refinancing demonstrates Lend Lease’s strong credit profile and provides additional capacity and flexibility to fund the Group’s pipeline.

“We are pleased to close the refinancing of this term loan with the additional capacity that this new facility provides,” said Mr Soller.

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 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

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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