LENDLEASE GROUP — Capital/Financing Update 2013

Feb 27, 2013

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ASX Announcement

28 February 2013

Lend Lease announces sale of Aged Care business

Lend Lease confirms it has signed an agreement to sell its aged care business for A$270 million to Australian Aged Care Partners, which is controlled by funds managed or advised by Archer Capital. Lend Lease will receive cash proceeds of A$200 million in addition to a promissory note of A$70 million. The transaction is expected to be complete by the end of March 2013.

Lend Lease’s Aged Care business owns and manages 30 aged care facilities across Australia with 2,338 beds under management and a development pipeline of 563 beds. The business was acquired as part of the Primelife acquisition in 2009.

Lend Lease Chief Executive Officer and Managing Director Steve McCann said that the sale of the Aged Care platform was in line with the Group’s strategy and reflects the Group’s continuing focus on capital recycling and the divestment of non-core businesses.

“The aged care business is more closely aligned to healthcare services than property and is therefore considered non-core for Lend Lease. It employs high quality, passionate and caring people who remain committed to delivering a high level of care under their new ownership. Lend Lease will continue to be a leading manager and owner of retirement villages in Australia.

“Lend Lease will use the sale proceeds to continue to deliver its core development pipeline in Australia,” added Mr McCann.

ENDS

For further information, please contact:

Investor Relations:

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

Media:

James Abbott Corporate Affairs

Tel: 02 9277 2540

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 30 Hickson Road Millers Point NSW 2000 Australia

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