LENDLEASE GROUP — Capital/Financing Update 2012

Jun 17, 2012

==> picture [96 x 36] intentionally omitted <==

ASX Announcement

Lend Lease agrees to sell stake in Greenwich Peninsula Regeneration project

18 June 2012

Lend Lease today announced a conditional sale of its stake in Greenwich Peninsula Regeneration Limited to Quintain Estates and Developments PLC (QED).

The transaction is conditional on the approval of a QED shareholder vote next month.

Lend Lease secured the development rights to the 80 hectare Greenwich Peninsula regeneration site under an agreement with the then Urban Regeneration Agency (which is now part of the Greater London Authority) in partnership with QED in 2002.

If the transaction successfully completes, Lend Lease expects to receive cash proceeds of circa ₤100 million. Lend Lease expects to book a profit of circa ₤25 million on the sale, net of tax and other costs. Profit and settlement will not occur until second half calendar 2012.

In line with the Group’s portfolio strategy, the proceeds received will be reinvested in its strong pipeline of urban regeneration opportunities in the United Kingdom including Elephant & Castle and The International Quarter, Stratford.

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

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