LENDLEASE GROUP — Capital/Financing Update 2011

Mar 27, 2011

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ASX Announcement

Distribution Reinvestment Plan Issue Price

28 March 2011

On 17 February 2011 Lend Lease declared an interim distribution of 20 cents per stapled security franked to 50%, with a Record Date of 10 March 2011 and payable on 30 March 2011.

The issue price of securities to be allotted to participants in the Distribution Reinvestment Plan for the above distribution is $8.4298 per security. This is based on the arithmetic average of the daily volume weighted average price of LLC securities traded on the ASX for the period of 10 consecutive business days immediately following the Record Date (that is, during the period 11 March 2011 to 24 March 2011 inclusive). The DRP price is after the 2.5% discount previously announced on 17 March 2011.

ENDS

For further information, please contact:

Investor Relations: Sally Cameron Group Executive - Investor Relations Tel: 02 9236 6464

Corporate Affairs: Iwona Polski Media & External Communications Manager 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