LENDLEASE GROUP — Capital/Financing Update 2012

Jul 24, 2012

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ASX Announcement

Lend Lease completes issue of SGD$275 million of senior unsecured notes

25 July 2012

Lend Lease today announced the completion overnight of its issue of $275 million of Singapore dollar denominated senior unsecured notes, maturing in July 2017. The fixed rate notes were 1.6 times oversubscribed and priced at par yielding 4.625 per cent per annum payable semi-annually.

The new facility is based on Lend Lease’s current terms and conditions. The proceeds will be used for general business purposes.

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

“We are always looking at opportunities to ensure we have the most effective funding mix and the right balance between debt from capital markets and banks,” said Mr Lombardo.

ENDS

For further information, please contact:

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

Corporate Affairs: Iwona Polski Group Media & External Communications Manager 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