LENDLEASE GROUP — Capital/Financing Update 2016

Mar 3, 2016

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Distribution Reinvestment Plan Issue Price

On 17 February 2016 Lendlease announced an interim unfranked distribution of 30.0 cents per stapled security, with a Record Date of 25 February 2016 and payable on 15 March 2016.

The issue price of securities to be allotted to participants in the Distribution Reinvestment Plan for the above distribution is $13.2604 per security. This is based on the arithmetic average of the daily volume weighted average price of LLC securities traded on the ASX for the period of 5 consecutive business days immediately following the Record Date, that is, during the period 26 February 2016 to 3 March 2016 inclusive.

Stapled securities issued under the Distribution Reinvestment Plan rank equally with all other stapled securities on issue.

ENDS

FOR FURTHER INFORMATION, PLEASE CONTACT:

Investors: Media: Suzanne Evans Nadeena Whitby Tel: 02 9236 6464 Tel: 02 9236 6865 Mob: 0407 165 254 Mob: 0467 773 032

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Lendlease Corporation Limited ABN 32 000 226 228 and Lendlease Responsible Entity Limited ABN 72 122 883 185 AFS Licence 308983 As responsible entity for Lendlease 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 lendlease.com