LENDLEASE GROUP — Director's Dealing 2009

Sep 20, 2009

21 September 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 the vesting of shares pursuant to the Company’s employee share acquisition plan.

END

Attachment: Appendix 3Y

Lend Lease Corporation Limited Telephone +612 9236 6111 ABN 32 000 226 228 Facsimile +612 9252 2192 Level 4, 30 The Bond www.lendlease.com 30 Hickson Road Millers Point NSW 2000 Australia

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	STEPHEN BARRY McCANN
Date of last notice	7 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.

Direct or indirectinterest	DIRECT	INDIRECT
Nature of indirectinterest(includingregistered holder)Note:Providedetailsofthecircumstances giving rise to the relevantinterest.	N/A	LL EMPLOYEE HOLDINGSCUSTODIAN PTY LIMITED(EMPLOYEE SHAREACQUISITION PLAN)
Date of change	18 SEPTEMBER 2009	4 SEPTEMBER 2009
No. of securitiesheldpriortochange	73,301	1. 4,470 VESTED LENDLEASE CORPORATIONLIMITED SHARES IN THELEND LEASE EMPLOYEESHARE ACQUISITIONPLAN2. 314,312 UNVESTED LENDLEASECORPORATIONLIMITED SHARES IN THELEND LEASE EMPLOYEESHAREACQUISITIONPLAN ACQUISITION PLAN
Class	ORDINARY SHARES	ORDINARY SHARES
Number acquired	13,964	1. N/A2. N/A
Number disposed	N/A	1. N/A2. 13,964
Value/ConsiderationNote: If consideration is non-cash,provide details and estimated valuation	$9.2952 per share	1. N/A2. N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securitiesheld after change	87,265	1. 4,470 VESTED LENDLEASE CORPORATIONLIMITED SHARES IN THELEND LEASE EMPLOYEESHARE ACQUISITIONPLAN2. 300,348 UNVESTED LENDLEASE CORPORATIONLIMITED SHARES IN THELEND LEASE EMPLOYEESHARE ACQUISITIONPLAN
Nature of changeExample: on-market trade, off-markettrade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back	TRANSFER OF VESTEDSHARES AWARDED IN THELEND LEASE EMPLOYEESHARE ACQUISITION PLAN	TRANSFER OF VESTEDSHARES AWARDED IN THELEND LEASE EMPLOYEESHARE 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
Nameofregisteredholder(ifissuedsecurities)	N/A
Date of change	N/A
No.andclassofsecuritiestowhichinterestrelatedprior to changeNote: 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