LENDLEASE GROUP — Capital/Financing Update 2012

Jul 17, 2012

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ASX Announcement

Lend Lease consortium selected on Sunshine Coast University Hospital

18 July 2012

Lend Lease today announced that it has been selected as part of the successful consortium by Queensland Health to deliver the A$2 billion Sunshine Coast University Hospital, a new tertiary hospital to be built at Kawana in Queensland. Lend Lease and the Exemplar Health consortium will work with Queensland Health to enter into a public private partnership arrangement to design, construct, maintain and finance the hospital.

The consortium will deliver a 738 bed tertiary level hospital, with stage one scheduled for completion in late 2016 and further stages planned for commissioning in mid 2018 and mid 2021.

Lend Lease’s project management and construction business will perform the design and construction and Lend Lease’s infrastructure development business, Capella Capital, is acting as financial advisor to the consortium. Lend Lease will invest 50% of the equity in the Exemplar Heath project vehicle.

Lend Lease Group Chief Executive Officer and Managing Director, Steve McCann, said the Group was pleased to be working with Queensland Health on this significant project.

“Lend Lease has a strong track record of health infrastructure delivery in Queensland and this latest award confirms the experience and track record of our business in the health sector and the strength of Lend Lease’s integrated model being applied to the infrastructure sector,” said Mr McCann.

Financial close on the project is expected by the end of July 2012 followed by the commencement of construction.

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

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Telephone +61 2 9236 6111 Facsimile +61 2 9252 2192 www.lendlease.com