LENDLEASE GROUP — Director's Dealing 2010

Apr 18, 2010

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19 April 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 3Yfor Mr S B McCann in relation to an on market sale of securities to meet an expected tax liability.

END

Attachments: 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

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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	7 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.

Direct or indirect interest	DIRECT	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A	LL EMPLOYEE HOLDINGS CUSTODIAN PTY LIMITED (EMPLOYEE SHARE ACQUISITION PLAN)
Date of change	12 APRIL 2010	N/A
No. of securities held prior to change	206,339	1. 4,470 VESTED LEND LEASE CORPORATION LIMITED SECURITES IN THE LEND LEASE EMPLOYEE SHARE ACQUISITION PLAN 2. 198,264 UNVESTED LEND LEASE CORPORATION LIMITED SECURITES IN THE LEND LEASE EMPLOYEE SHARE ACQUISITION PLAN
Class	ORDINARY STAPLED SECURITIES
Number acquired	N/A	1. N/A 2. N/A
Number disposed	25,000	1. N/A 2. N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$8.609	N/A
No. of securities held after change	181,339	1. 4,470 VESTED LEND LEASE CORPORATION LIMITED SECURITES IN THE LEND LEASE EMPLOYEE SHARE ACQUISITION PLAN 2. 198,264 UNVESTED LEND LEASE CORPORATION LIMITED SECURITES IN THE LEND LEASE EMPLOYEE SHARE ACQUISITION PLAN
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	ON MARKET SALE OF SECURITIES TO MEET AN EXPECTED TAX LIABILITY	N/A

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 to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002