LENDLEASE GROUP — Major Shareholding Notification 2009

Nov 9, 2009

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Lend Lease Corporation Limited (LLC) ACN/ARSN 000 226 228

1. Details of substantial holder

Name Barclays Group lodged by Barclays Global Investors Australia Limited ABN 33 001 804 566 (Barclays Global Investors Australia Limited)

The holder ceased to be a substantial holder on

06 November 2009

The previous notice was given to the company on 23 September 2009 The previous notice was dated 23 September 2009

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interests of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature ofchange	Considerationgiven in relation tochange	Class and numberof securitiesaffected	Person’s votesaffected
06/11/09	Barclays Groupsee Annexure A	Reduction invoting power	Average price$10.203	Ordinary(3,601,655)	(0.82%)

3. Changes in association

The persons who have becomes associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN(if applicable)	Nature of association
	See Annexure A

4. Addresses

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

Name	Address
Barclays Global Investors Australia Limited	Level 43,225 George Street,SydneyNSW 2000

Signature

_________________________________

Company Secretary Barclays Global Investors Australia

10 November 2009 Date

Barclays Global Investors Australia

Form 605 page 1 of 2

This is “Annexure A” of 1 page referred to in Form 605 Notice of ceasing to be a substantial holder

Relevant interest in Lend Lease Corporation Limited (“LLC”) held by members of the Barclays Group.

The list of Barclays entities with relevant interest are as follows:

Barclays Global Investors Japan Ltd Barclays Global Investors Ltd Barclays Global Investors Ltd Barclays Bank PLC - France Barclays Global Investors (Deutschland) AG Gerrard Investment Management Ltd Barclays Global Investors, N.A. Barclays Global Fund Advisors Barclays Capital Securities Ltd Barclays Global Investors Canada Ltd Barclays Global Investors Australia Ltd

The JP Morgan Chase Bank Inc. and various other custodians (Custodians) hold shares in LLC as custodian and for which the members of the Barclays Group are either:

• the responsible entity or trustee of pooled investment products such as registered managed investment schemes (Funds); or

• the investment manager of Portfolios held for a number of institutional investors. The institutional investors are generally superannuation funds regulated under the Superannuation Industry Supervision Act 1993 .

The holding of shares in LLC was acquired as part of the wide portfolio of Australian shares and units acquired for the Funds and the Portfolios.

The members of the Barclays Group and the Custodians may hold relevant interests due to the capacity of these entities to dispose of the shares in LLC.

Each investor in a Fund owns an undivided interest in the Fund’s assets, no client directly owns any asset of the Fund. The unitholding of each Fund varies from time to time as clients enter and withdraw from the Funds. The various institutional investors with portfolios delegate the management of the portfolios to the members of the Barclays Group.

_________________________________

Company Secretary Barclays Global Investors Australia

10 November 2009 Date

Barclays Global Investors Australia

Form 605 page 2 of 2