LENDLEASE GROUP — Major Shareholding Notification 2008

Jun 17, 2008

Form 603

Corporations Law Section 671B Notice of initial substantial holder

To Company	Lend Lease Corporation Limited
Name/Scheme
ABN/ARSN	32000226228
1. Details of substantial holder (1)
Name	SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
ABN / ARSN (if	22 000 443 274
applicable)
The holder became a substantial holder on 11 June 2008
2. Details of voting
power
The total number of votes attached to all the voting shares in the		company or voting interests in the scheme that the substantial
holder or an associate (2) had a relevant interest (3) in on the date			the substantial holder became a substantial holder are as
follows:
Class of securities (4) Number of securities			Persons’ votes (5)		Voting power (6)
OrdinaryShares	20,121,522		20,310,222		5.06%
3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the
substantial holder became	a substantial holder are as follows:
Holder of relevant interest			Nature of relevant interest (7)		Class and number of
					securities
SIMHK		Ord Shares			143,624
SIMSL		Ord Shares			2,786,492
SIMAL		Ord Shares			17,191,406
SIM		Ord Shares			188,700

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of	Registered holder of securities	Person entitled to be registered as holder (8)	Class and
relevant			number of
interest			securities
	Citicorp Nominees Pty Ltd,
SIMHK	Melbourne	CiticorpNomineesPtyLtd,Melbourne	8,610
SIMHK	HSBC,Melbourne	HSBC,Melbourne	44,950
SIMHK	HSBC, Sydney	HSBC, Sydney	50,574
SIMHK	JP MorganChaseBank, Sydney	JP MorganChaseBank, Sydney	4,990
SIMHK	NAB,Melbourne	NAB,Melbourne	34,500
SIMSL	Citibank Ltd,Melbourne	Citibank Ltd,Melbourne	307,181
	HSBC Bank Australia Ltd,
SIMSL	Sydney	HSBCBank AustraliaLtd, Sydney	775,785
SIMSL	JP MorganChaseBank, Sydney	JP MorganChaseBank, Sydney	803,286
SIMSL	NAB,Melbourne	NAB,Melbourne	900,240
	BNP Paribas Securities
SIMAL	Services	BNP Paribas Securities Services	1,054,867
SIMAL	JP MorganCustodialServices	JP MorganCustodialServices	7,348,308
SIMAL	CiticorpNomineesLtdHK	CiticorpNomineesLtdHK	2,391,774

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SIMAL	HSBC Custody Nominees (Australia)Ltd	HSBC Custody Nominees (Australia)Ltd	HSBC Custody Nominees (Australia) Ltd	HSBC Custody Nominees (Australia) Ltd	HSBC Custody Nominees (Australia) Ltd	HSBC Custody Nominees (Australia) Ltd	HSBC Custody Nominees (Australia) Ltd	672,965
SIMAL	National Nominees Ltd - Melbourne		National NomineesLtd- Melbourne					4,422,201
SIMAL	State StreetAustraliaLimited		State StreetAustraliaLimited					1,301,291
SIM	Citibank N.A(London)		Citibank N.A(London)					188,700
5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:
Holder of relevant interest		Date of acquisition		Consideration (9)			Class and number of securities
				Cash		Non-cash	ORDINARY SHARES
SIMAL		11/02/08– 11/06/08		1,095,702.04			91,116
SIMAL		11/02/08– 11/06/08		54,737,236.97			4,147,405
SIM		11/02/08 – 11/06/08					188,700
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ARSN(if applicable)					Nature of association
Schroder Investment Singapore Limited(“SIMSL”)					Related Fund Manager
Schroder Investment Management North America (“SIMNA”)					Related Fund Manager
Schroder Investment Management Limited(“SIM”)					Related Fund Manager
Schroder InvestmentManagementAustraliaLimited (“SIMAL”)					RelatedFundManager

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN(if applicable)	Nature of association
Schroder Investment Singapore Limited(“SIMSL”)	Related Fund Manager
Schroder Investment Management North America (“SIMNA”)	Related Fund Manager
Schroder Investment Management Limited(“SIM”)	Related Fund Manager
Schroder InvestmentManagementAustraliaLimited (“SIMAL”)	RelatedFundManager

7. Addresses

The addresses of persons named in this form are as follows:

7. Addresses The addresses of persons named in this form are as follows:	7. Addresses The addresses of persons named in this form are as follows:
Name	Address
Schroder Investment (Singapore)Limited (“SIMSL”)	65 Chulia Street#46-00 OCBC Centre, Singapore 049513
Schroder Investment Management North America (“SIMNA”)	31 Gresham Street, London EC2V 7QA, UK
Schroder InvestmentManagementLimited (“SIM”)	31GreshamStreet,London EC2V 7QA, UK
Schroder Investment Management (Australia) Limited (“SIMAL”)	Level 20 Angel Place, 123 Pitt Street, Sydney, 2000, Australia

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