LENDLEASE GROUP — Director's Dealing 2012

Dec 30, 2012

==> picture [97 x 36] intentionally omitted <==

31 December 2012

The Manager Companies Section ASX Limited

Pages: Three (3) Pages

APPENDIX 3Y: CHANGE OF DIRECTOR’S INTEREST NOTICE

Attached is the Appendix 3Y notice for Mr S McCann in relation to on-market sale of shares to fund income tax obligations.

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

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 30/09/01 Amended 01/01/11

Name of entity	LEND LEASE GROUP
ABN	Lend Lease Corporation Limited ABN 32 000 226 228Lend 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 MCCANN
Date of last notice	28 NOVEMBER 2012

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 circumstancesgiving rise to the relevant interest.	N/A	LL EMPLOYEE HOLDINGSCUSTODIAN PTY LIMITED(EMPLOYEE SHAREACQUISITION PLAN)
Date of change	1. 20 December 20122. 21 December 20123. 24 December 2012	N/A
No. of securities held prior tochange	592,961	1. 154,443 VESTEDSECURITES IN THELEND LEASEEMPLOYEE SHAREACQUISITION PLAN2. 359,039 UNVESTEDSECURITES IN THELEND LEASEEMPLOYEE SHAREACQUISITION PLAN
Class	ORDINARY STAPLEDSECURITIES	ORDINARY STAPLEDSECURITIES
Number acquired	NIL	1. NIL2. NIL
Number disposed	1. 150,0002. 133,2593. 16,741	1. NIL2. NIL

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	1. $9.1299	N/A
Note: If consideration is non-cash, providedetails and estimated valuation	2. $9.11363. $8.98
No. of securities held after	292,961	1. 154,443 VESTED
change		SECURITES IN THE
		LEND LEASE
		EMPLOYEE SHARE
		ACQUISITION PLAN
		2. 359,039 UNVESTED
		SECURITES IN THE
		LEND LEASE
		EMPLOYEE SHARE
		ACQUISITION PLAN
Nature of change	On-market sale to fund	N/A
Example: on-market trade, off-market trade,exercise of options, issue of securities under	income tax obligations
dividend reinvestment plan, participation in
buy-back

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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
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
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed NO above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3