LENDLEASE GROUP — Capital/Financing Update 2012

Jun 3, 2012

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ASX Announcement

Lend Lease launches new wholesale shopping centre fund

4 June 2012

Lend Lease today announced it has launched a new wholesale investment vehicle, Lend Lease Retail Partners - Australia (LLRPA or ‘the Fund’), after receiving A$185 million in commitments from a small group of institutional investors. Lend Lease will have a circa 3% co-investment in the Fund.

The Fund will seek to invest predominantly in quality sub-regional retail centres.

The establishment of LLRPA follows the successful launches of Lend Lease Real Estate Partners New Zealand in 2011 (NZ$210 million), and Lend Lease Real Estate Partners 3 in 2010 (A$430 million). Both these funds are now fully invested.

Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann, said the launch of LLRPA builds on Lend Lease’s deep Australian platform of wholesale property funds covering all major sectors.

“Lend Lease continues to demonstrate its capacity to attract institutional equity partners to invest alongside it in its quality deal flow and pipeline,” said 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

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