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LENDLEASE GROUP Capital/Financing Update 2014

Nov 25, 2014

65243_rns_2014-11-25_af19c3e3-6532-465a-9806-40c3d11f26be.pdf

Capital/Financing Update

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==> picture [98 x 36] intentionally omitted <==

ASX Announcement

Financial Close – Darling Square and ICC Sydney Hotel

26 November 2014

Lend Lease today announced that financial close has been reached with Infrastructure NSW and Sydney Harbour Foreshore Authority for two Project Delivery Agreements (PDAs) to develop the mixed use site Darling Square and the ICC Sydney Hotel. The PDAs are expected to have an end development value of circa $1.9 billion under a land management structure.

Darling Square and the ICC Sydney Hotel are part of the NSW Government’s major infrastructure project to transform Darling Harbour that is also delivering a new convention, exhibition and entertainment venue, ICC Sydney. Construction is anticipated to commence on both sites before the end of 2014.

ENDS

For further information, please contact:

Investors: Media: Suzanne Evans Natalie Campbell Tel: 02 9236 6464 Tel: 02 9236 6865 Mobile: 0407 165 254 Mobile: 0410 838 914

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