LENDLEASE GROUP — Capital/Financing Update 2013

Feb 5, 2013

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ASX Announcement

Lend Lease signs milestone agreement for A$1bn Waterbank redevelopment in Perth

6 February 2013

Lend Lease today announced it has signed the Project Development Agreement (PDA) with the Metropolitan Redevelopment Authority (MRA) for the A$1bn Waterbank urban regeneration project in Perth. The formal signing of this agreement follows Lend Lease’s selection in November 2011 as the preferred developer.

Waterbank is a key urban regeneration precinct within the State Government’s Riverside project situated on a six hectare site on the banks of the Swan River. The redevelopment is proposed to include over 600 residential apartments, commercial office space, a hotel, a variety of retail uses and substantial public spaces.

Lend Lease Group Chief Executive Officer and Managing Director, Steve McCann, said, “We are delighted to have finalised an agreement with the MRA to deliver this project.

“Lend Lease has significant experience in major waterfront and urban regeneration projects, both within Australia and overseas and we will leverage this expertise to deliver a world class solution for the people of Perth.”

With the PDA now in place, Lend Lease will work closely with the MRA in the design and planning for the project ahead of the expected commencement of construction in 2014, with completion expected in 2021.

ENDS

For further information, please contact:

Investor Relations: Corporate Affairs: Sally Cameron Christian Sealey Group Executive - Investor Relations National Manager, Corporate Communications Tel:02 9236 6464 Tel: 02 9277 2769

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