LENDLEASE GROUP — Director's Dealing 2009

Mar 5, 2009

6 March 2009

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 3X – Initial Director’s Interest Notice

Please find attached Appendix 3X (Initial Director’s Interest Notice) for Mr S B McCann, who was appointed a Director of Lend Lease Corporation Limited on 4 March 2009.

Yours faithfully

W HARA

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 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	STEPHEN BARRY McCANN
Date of appointment	4 MARCH 2009

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

4000 ordinary shares in Lend Lease Corporation Limited

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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

Name of holder & nature of interestNote: Provide details of the circumstances giving rise tothe relevant interest.LL Employee Holdings CustodianPty Ltd (Employee ShareAcquisition Plan)LL Employee Holdings CustodianPty Ltd (Employee ShareAcquisition Plan)	Number & class of Securities3,725 vested Lend Lease Corporation Limitedordinary shares in the Lend Lease EmployeeShare Acquisition Plan308,457 unvested Lend Lease CorporationLimited ordinary shares in the Lend LeaseEmployee Share Acquisition Plan

Part 3 – 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 Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002