LENDLEASE GROUP — Capital/Financing Update 2022

Dec 6, 2022

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Lendlease responds to media speculation

Lendlease notes speculation in the Data Room column in today’s The Australian regarding a potential capital raising. The company categorically denies the claim.

As flagged at Lendlease’s strategy update on 3 November 2022, the Group is confident organic capital generation via retained earnings, combined with incremental debt, is sufficient to fund its current business plan.

For further information:

Investors:

Janine Graetz Mob: +61 416 238 728

Media: Stephen Ellaway Mob: +61 417 851 287

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

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Level 14, Tower Three, International Towers Sydney Telephone +61 2 9236 6111 Exchange Place, 300 Barangaroo Avenue Facsimile +61 2 9252 2192 Barangaroo NSW 2000 Australia lendlease.com