LENDLEASE GROUP — Capital/Financing Update 2011

Apr 12, 2011

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ASX Announcement

Lend Lease secures Werribee, a new A$1 billion master planned urban community in Victoria

13 April 2011

Lend Lease has strengthened its position as Victoria’s leading developer of master planned communities with a new A$1 billion urban community project at Werribee.

Lend Lease’s communities business signed a land management agreement for a 438 hectare site located approximately 30km south-west of Melbourne, in the Wyndham growth corridor. The project is strategically located near the Princess Highway which is the major transport corridor between Melbourne and Geelong and also adjacent to the proposed Regional Rail Link.

The Werribee community will have approximately 4,000 homes and includes the delivery of community infrastructure including four schools, local community, sport & recreation facilities and a neighbourhood shopping centre.

The project has an expected development value of greater than A$1 billion and will be delivered over 10 years, with the first sales expected in mid 2012.

Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann, said securing the project demonstrates the success of the Group’s approach in Victoria and our longterm commitment to the state.

“Lend Lease has a record of delivering benchmark communities in Victoria, such as Caroline Springs, Edgewater, Craigieburn and Laurimar. Our vision for Werribee is to deliver a sustainable community leading the market with new innovations in urban design, housing design and community development.”

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