LENDLEASE GROUP — Director's Dealing 2009

Sep 30, 2009

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1 October 2009

The Manager Companies Section ASX Limited

The Manager Companies Section New Zealand Exchange Limited

Pages: Three (3) pages

Appendix 3Y – Change of Director’s Interest Notice S B McCann

Attached is the Appendix 3Y (Change of Director’s Interest Notice) for Mr S B McCann in relation to:

• Issue of shares under the Dividend Reinvestment Plan

• Vesting and transfer of shares pursuant to the Company’s employee share acquisition plan

• On market sale of shares to meet an expected tax liability

END

Attachment: Appendix 3Y

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

Telephone +612 9236 6111 Facsimile +612 9252 2192 www.lendlease.com

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.

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	STEPHEN BARRY McCANN
Date of last notice	21 September 2009

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.

in this part.	in this part.	in this part.
Direct or indirect			DIRECT	INDIRECT
interest
Nature of indirect			N/A	LL EMPLOYEE HOLDINGS
interest				CUSTODIAN PTY LIMITED
(includingregistered holder)Note: Provide details of the circumstances				(EMPLOYEE SHAREACQUISITION PLAN)
givingrise to the	relevant interest.
Date of	change		1. 25 SEPTEMBER 2009	30 SEPTEMBER 2009
			2. 29 SEPTEMBER 2009
			3. 30 SEPTEMBER 2009
No. of	securities		87,265	1. 4,470 VESTED LEND
held	prior	to		LEASE CORPORATION
change				LIMITED SHARES IN THE
				LEND LEASE EMPLOYEE
				SHARE ACQUISITION
				PLAN
				2. 300,348 UNVESTED LEND
				LEASECORPORATION
				LIMITED SHARES IN THE
				LEND LEASE EMPLOYEE
				SHAREACQUISITION
				PLAN
Class			ORDINARY SHARES	ORDINARY SHARES
Number acquired			1. 1,234	1. N/A
			3. 51,042	2. N/A
Number disposed			2. 60,000	1. N/A
				2. 51,042

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	1. $9.4997 per share	1. N/A
Note: If consideration is non-cash,provide details and estimated valuation	2. $10.794 per share3. VESTING AND TRANSFER	2. VESTING AND TRANSFEROF SHARES HELD IN THE
	OF SHARES HELD IN THE	LEND LEASE EMPLOYEE
	LEND LEASE EMPLOYEE	SHARE ACQUISITION
	SHARE ACQUISITION	PLAN.
	PLAN.
No. of securities	79,541	1. 4,470 VESTED LEND
held after change		LEASE CORPORATION
		LIMITED SHARES IN THE
		LEND LEASE EMPLOYEE
		SHARE ACQUISITION
		PLAN
		2. 249,306 UNVESTED LEND
		LEASE CORPORATION
		LIMITED SHARES IN THE
		LEND LEASE EMPLOYEE
		SHARE ACQUISITION
		PLAN
Nature of change	1. ISSUE OF SHARES
Example: on-market trade, off-market	UNDER THE DIVIDEND	VESTING AND TRANSFER OF
trade, exercise of options, issue ofsecurities under dividend reinvestment	REINVESTMENT PLAN	LEND LEASE CORPORATION
plan, participation in buy-back	2. ON MARKET SALE OF	LIMITED SHARES HELD IN
	SHARES TO MEET AN	LEND LEASE EMPLOYEE
	EXPECTED TAX LIABILITY	SHARE ACQUISITION PLAN
	3. VESTING AND TRANSFER
	OF LEND LEASE
	CORPORATION LIMITED
	SHARES HELD IN LEND
	LEASE EMPLOYEE SHARE
	ACQUISITION PLAN

- 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
Nameofregistered		N/A
holder
(if issued securities)
Date of change		N/A
No.andclass	of	N/A
securitiestowhich
interest related prior
to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired		N/A
Interest disposed		N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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