LENDLEASE GROUP — Capital/Financing Update 2012

Aug 1, 2012

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ASX Announcement

Lend Lease announces exclusivity deal for Barangaroo South hotel

2 August 2012

Lend Lease today announced it has signed an exclusive dealing agreement with Crown Limited in relation to the development of a world class international hotel resort at Barangaroo South.

Lend Lease Group Chief Executive Officer and Managing Director, Steve McCann, said that Lend Lease and Crown would now work towards achieving the necessary development approvals from the NSW Government for the hotel and jointly develop the concept plan for the hotel. Lend Lease is currently in negotiations with the NSW Government to finalise the hotel location.

“Barangaroo South is a major urban regeneration project that provides a unique opportunity to create a world class commercial, residential, entertainment and mixed use destination on Sydney Harbour. A key part of Lend Lease’s vision for Barangaroo South is to have a high quality international hotel,” said Mr McCann.

“Since being awarded the right to develop Barangaroo South in December 2009, Lend Lease has been approached by a number of leading international hotel operators expressing interest in the hotel. We are very pleased to be working exclusively with Crown Limited given their proven expertise in successfully delivering an outstanding hotel product.

“Barangaroo South is a significant project for Lend Lease and our securityholders. Today’s announcement will see continued momentum on the project, and follows recent announcements regarding the first commercial tenants and the creation of a A$2billion wholesale trust to fund the first two commercial towers,” added Mr McCann.

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

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Level 4, 30 The Bond Telephone +61 2 9236 6111 30 Hickson Road Facsimile +61 2 9252 2192 Millers Point NSW 2000 www.lendlease.com Australia