LENDLEASE GROUP — Director's Dealing 2010

Sep 5, 2010

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6 September 2010

The Manager Companies Section ASX Limited

The Manager Companies Section New Zealand Stock Exchange Limited

Pages: Three (3) Pages

APPENDIX 3Y: CHANGE OF DIRECTOR’S INTEREST NOTICE S B MCCANN

Attached is the Appendix 3Y for Mr S B McCann in relation to the following:

• 1. vesting of awards made in September 2009; and
• 1. an award of unvested securities pursuant to the Lend Lease Employee Share Acquisition Plan.

END

Attachment: Appendix 3Y

Lend Lease Corporation Limited ABN 32 000 226 228 and Lend Lease Responsible Entity Limited ABN 72 122 883 185 AFS Licence 308983 as responsible entity for Lend Lease Trust ABN 39 944 184 773 ARSN 128 052 595

1

Level 4, 30 The Bond 30 Hickson Road Millers Point NSW 2000 Australia

Telephone +61 2 9236 6111 Facsimile +61 2 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.

Name of entity LEND LEASE GROUP ABN Lend Lease Corporation Limited ABN 32 000 226 228 Lend Lease Trust ARSN 128 052 595

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	19 APRIL 2010

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.

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 SHARE ACQUISITIONPLAN)
Date of change	N/A	1. 3 SEPTEMBER 20102. 1 SEPTEMBER 2010
No. of securitiesheldpriortochange	181,339	1. 4,470 VESTED SECURITES INTHE LEND LEASE EMPLOYEESHARE ACQUISITION PLAN2. 198,264 UNVESTED SECURITESIN THE LEND LEASE EMPLOYEESHARE ACQUISITION PLAN
Class	ORDINARY STAPLED SECURITIES
Number acquired	N/A	1. 56,8972. 93,075
Number disposed	N/A	1. N/A2. 56,897
Value/ConsiderationNote: If consideration is non-cash,provide details and estimated valuation	N/A	1. N/A2. $6.9621 PER SECURITY

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securitiesheld after change	181,339	1. 61,367 VESTED SECURITES INTHE LEND LEASE EMPLOYEESHARE ACQUISITION PLAN2. 234,442 UNVESTED SECURITESIN THE LEND LEASE EMPLOYEESHARE ACQUISITION PLAN
Nature of changeExample: on-market trade, off-markettrade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back	N/A	1. CHANGE IN VESTING STATUSOF AWARD MADE INSEPTEMBER 2009 FROMUNVESTED TO VESTED.2. AWARD OF UNVESTEDSECURITIES IN THE LENDLEASE EMPLOYEE SHAREACQUISITION 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 1

11/3/2002