LENDLEASE GROUP — Earnings Release 2016

Aug 18, 2016

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Appendix 4E – FY16 Results

Lendlease Group today announced its results for the full year ended 30 June 2016. Attached is the Final Report (Appendix 4E).

ENDS

For further information, please contact:

Investors:

Justin McCarthy Tel: 02 9236 6464 Mob: 0422 800 321

Media:

Natalie Campbell Tel: 02 9236 6865 Mob: 0410 838 914

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

Telephone +61 2 9236 6111 Facsimile +61 2 9252 2192 lendlease.com

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Level 14, Tower Three, International Towers Sydney Exchange Place, 300 Barangaroo Avenue Barangaroo NSW 2000 Australia

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Lendlease Group

Appendix 4E

Lendlease Group (the Group) comprises Lendlease Corporation Limited (the Company) ABN 32 000 226 228 and Lendlease Trust (LLT) ARSN 128 052 595 the responsible entity of which is Lendlease Responsible Entity Limited ABN 72 122 883 185

Final Report for the financial year ended 30 June 2016 (previous corresponding period being the financial year ended 30 June 2015)

Results for Announcement to the Market

Profit After Tax

Profit After Tax
	June 2016	June 2015	%
	A$m	A$m	Change
Revenue	15,088.5	13,280.9	13.6
Profit after tax attributable to securityholders	698.2	618.6	12.9

Stapling of the Company Shares and LLT Units

Shares in the Company and units in LLT are traded as one security under the name of Lendlease Group on the Australian Securities Exchange (ASX). The Company is deemed to control LLT for accounting purposes and therefore LLT is consolidated into the Group’s financial report. The issued units of LLT, however, are not owned by the Company and are therefore presented separately in the consolidated entity Statement of Financial Position within equity, notwithstanding that the unitholders of LLT are also the shareholders of the Company.

Dividends/Distributions

Dividends/Distributions
	Amount	Franked amount
	per security	per security
Interim dividend/distribution – paid 15 March 2016	30.0 cents	0.0 cents
Final dividend/distribution – payable 14 September 2016	30.0 cents	0.0 cents
Total amount per security	60.0 cents	0.0 cents

The final dividend/distribution is comprised of an unfranked dividend of 27.475110 cents per share payable by the Company and a trust distribution of 2.524890 cents per unit payable by LLT. The unfranked dividend payable by the Company is sourced from the Conduit Foreign Income (CFI) account.

The record date for determining entitlement to the final distribution is 25 August 2016 (Record Date) and the distribution is payable on 14 September 2016.

The Group’s Distribution Reinvestment Plan (DRP) was reactivated in February 2011. The last date for receipt of an election notice for participation in the DRP is 26 August 2016. Subject to the rules of the DRP, the issue price is the arithmetic average of the daily volume weighted average price of Lendlease stapled securities traded on the Australian Securities Exchange for the period of five consecutive business days immediately following the Record Date. Stapled securities issued under the DRP rank equally with all other stapled securities on issue.

Additional Information

Additional Information
	June 2016	June 2015
Net tangible assets per security	A$7.16	A$6.41

The Annual General Meeting

The Annual General Meeting will be held in the Savoy Ballroom, Grand Hyatt Hotel, 123 Collins Street, Melbourne commencing at 10:00am on Friday 11 November 2016. The Annual Report will be released on the ASX on 19 August 2016.

The remainder of the information requiring disclosure to comply with listing rule 4.3A is contained in the Performance & Outlook section of the June 2016 Directors’ Report and the audited June 2016 Annual Consolidated Financial Report.

Lendlease Group

Appendix 4E 30 June 2016