LENDLEASE GROUP — Director's Dealing 2008

Jun 1, 2008

2 June 2008

The Manager The Manager Companies Section Companies Section ASX Limited New Zealand Exchange Limited

Pages: Three (3) pages

Dear Sir

Re: Stock Exchange Announcement Appendix 3Y – Change of Director’s Interest Notice

Please find attached Appendix 3Y (Change of Director’s Interest Notice) for Mr R H Taylor in relation to shares acquired pursuant to the Company’s employee share acquisition plan.

Yours faithfully

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S J SHARPE

Company Secretary

Lend Lease Corporation Limited ABN 32 000 226 228 Facsimile Level 4, 30 The Bond www.lendlease.com 30 Hickson Road Millers Point NSW 2000 Australia

Telephone +612 9236 6111 +612 9252 2192

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	LEND LEASE CORPORATION LIMITED
ABN	32 000 226 228

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	ROSS HAROLD TAYLOR
Date of last notice	1 MAY 2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	DIRECT	INDIRECT
Nature of indirect interest(includingregisteredholder)Note:Providedetailsofthecircumstances giving rise to therelevant interest.	N/A	LL EMPLOYEE HOLDINGSCUSTODIAN PTY LIMITED(EMPLOYEE SHAREACQUISITION PLAN)
Date of change	N/A	31 MAY 2008
No. of securities held priorto change	94,167 ORDINARY SHARES	96,328 VESTED LEND LEASECORPORATIONLIMITEDSHARES IN THE LEND LEASEEMPLOYEESHAREACQUISITION PLAN286,699UNVESTEDLENDLEASECORPORATIONLIMITEDSHARESINTHELENDLEASEEMPLOYEESHARE ACQUISITION PLAN
Class	ORDINARY SHARES	ORDINARY SHARES
Number acquired	NIL	232
Number disposed	NIL	NIL
Value/ConsiderationNote: If consideration is non-cash,providedetailsandestimatedvaluation	N/A	$12.17 PER SHARE

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held afterchange	94,167 ORDINARY SHARES	96,560 VESTED LEND LEASECORPORATIONLIMITEDSHARES IN THE LEND LEASEEMPLOYEESHAREACQUISITION PLAN286,699UNVESTEDLENDLEASECORPORATIONLIMITEDSHARESINTHELENDLEASEEMPLOYEESHARE ACQUISITION PLAN
Nature of changeExample: on-market trade, off-markettrade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back	N/A	ON MARKET SHARE PLANACQUISITION

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002