LENDLEASE GROUP — Major Shareholding Notification 2012

Jul 10, 2012

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Lend Lease Group ACN/ARBN Lend Lease Corporation Limited 000 226 228 / Land Lease Trust 128 052 595

1. Details of substantial holder (1)

Name Franklin Resources, Inc. and its affiliates ACN (if applicable) N/A

There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated	09/07/2012
	17/04/2012
	16/04/2012

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person’s votes	VotingPower(5)	Person’s votes	VotingPower(5)
Ordinary Shares	52,538,506	9.17%	46,808,180	8.17%*

*Based on shares outstanding of 572,789,827

2

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an association 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 of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change(7)	Class and number of securities affected	Person’s votes affected
See Annexure B, item 1	See Annexure B, item 2	See Annexure B,item 3	See Annexure B, item 4	See Annexure B, item 5	See Annexure B, item 6

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest See Annexure B, item 7	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
	See Annexure B, item 9	See Annexure B, item 12	See Annexure B, item 3	See Annexure B, item 8, 10 & 13	See Annexure B, item 8

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN (if applicable)	Nature of association
NOT APPLICABLE

6. Addresses

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

Name	Address
See Annexure A	See Annexure A

Signature

print name Lori A. Weber

sign here

Capacity: Assistant Secretary, Franklin Resources, Inc. date 10 July 2012

3

1 Names and addresses of all associates for whom composite notice is given:

Annexure A

Name	Address
BALANCED EQUITY MANAGEMENT PTY. LIMITED	Level 19, 101 Collins Street, Melbourne, Victoria 3000, Australia
C&EEGENERAL PARTNER LIMITED	St. Helier Jersey, Channel Islands
C&EEPRIVATE EQUITY PARTNERS, L.P	St. Helier Jersey, Channel Islands
DARBY –HANA INFRASTRUCTURE FUND MANAGEMENT CO., LTD	18thFloor, SKC Building 23-10, Youido-Dong, Youngdungpo-Gu, Seoul, S. Korea 150-734
DARBY ADMINISTRACAO DE INVESTIMENTOS LTDA.	Av. Brigadeiro de Faria Lima, 3311, 5th floor, suite 502 – part C, Itaim Bibi, postal code 04538-133, City of São Paulo, State ofSãoPaulo– Brazil
DARBY ASIA FOUNDER PARTNER, L.P.	M&C Corporate Services Limited, P.O. Box 309GT,Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands
DARBY ASIA INVESTORS (HK), LTD.	Unit 1607-1608, 16thFloor, Charter House, 8 Connaught Road, Central, Hong Kong
DARBY ASIA INVESTORS, LTD.	Unit 1607-1608, 16thFloor, Charter House, 8 ConnaughtRoad, Central,HongKong
DARBY ASIA INVESTORS (INDIA) PRIVATE LIMITED	Sakhar Bhavan, 1st Floor, 230 Backbay Reclamation Nariman Point,Mumbai 400-021,India
DARBY ASIA MEZZANINE FUND IIMANAGEMENT CO., LTD.	M&C Corporate Services Limited, PO Box 309GT, Ugland House, South Church Street, George Town, Grand Cayman,KY1-1104, Cayman Islands
DARBY ASIA OPPORTUNITIES FUND III GP, L.P.	Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands
DARBY ASIA OPPORTUNITIES FUND III MANAGEMENT CO., LTD.	Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands
DARBY BRAZIL MEZZANINE MANAGEMENT, LLC	1133 Connecticut Ave., NW, Suite 400 Washington, DC 20036
DARBY CEE FOUNDER PARTNER II, LLC	1133 Connecticut Ave., NW, Suite 400 Washington, DC 20036
DARBY COLPATRIA CAPITAL SAS	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
DARBY CONVERGING EUROPE FUND III MANAGEMENT	15, Rue Edward Steichen, L-2540 Luxembourg, GrandDuchy of Luxembourg
DARBY CONVERGING EUROPE FOUNDER PARTNER, L.P.	1133 Connecticut Ave., NW, Suite 400 Washington, DC 20036
DARBY EMERGING MARKETS INVESTMENTS, LTD.	c/o Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808
DARBY EUROPE MEZZANINE MANAGEMENT	PO Box 309GT, Ugland House, South Church Street,GeorgeTown, Grand Cayman, Cayman Islands
DARBY HOLDINGS, INC.	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
DARBY LATIN AMERICAN INVESTORS, LTD.	P.O. Box 309GT, Ugland House, South Church Street, Georgetown, Grand Cayman, Cayman Islands
DARBY LATIN AMERICAN MEZZANINE INVESTMENTS	Rua Jeronimo Da Veiga 45 – 4thFloor 04536-000 SaoPaulo (Sp)Brazil

4

			4
	DARBY LATIN AMERICAN MEZZANINE MANAGEMENT II,LLC	2711 Centerville Road, Suite 400, Wilmington, Delaware 19808
	DARBY MEXICO PRIVATE EQUITY, S.A.P.I. DE C.V.	Montes Urales, No. 770-401, Lomas de Chapultepec, 11000, Ciudad deMéxico
	DARBY OVERSEAS INVESTMENTS, LTD.	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
	DARBY OVERSEAS PARTNERS, L.P.	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
	DARBY PRIVATE EQUITY BRASIL ADMINISTRAÇÃODE INVESTIMENTOSLTDA.	Av. Brigadeiro Faria Lima, 3311, 5th floor, Itaim Bibi, São Paulo
	DARBY PRIVATE EQUITY KOREA LTD.	20th Floor, Korea First Bank Building, 100 Gongpyungdong, Jongno-Gu, Seoul, 110-702 Korea.
	DARBY-PROBANCO INVESTORS, LLC	1133 Connecticut Avenue, NW, Suite 400, Washington, DC20036
	DLAMF II SPECIAL COMPANY, LLC	Corporation Service Company, 2711 Centerville Road, Suite400,Wilmington,Delaware19808
	FCCRECEIVABLES CORP.	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
	FIDUCIARY INTERNATIONAL HOLDING, INC.	1717 Pennsylvania Avenue N.W., Suite 630 Washington DC20006
	FIDUCIARY INTERNATIONAL IRELAND LIMITED	Unit 2F, Block 71, The Plaza, Park West, Dublin 12,Ireland
	FIDUCIARY INTERNATIONAL,INC.	600 5thAvenue,New York,New York 10020
	FIDUCIARY INVESTMENT CORPORATION	600 5thAvenue, New York, New York 10020
	FIDUCIARY INVESTMENT MANAGEMENT INTERNATIONAL,INC.	1133 Connecticut Avenue, NW, Suite 330, Washington D.C. 20036
	FIDUCIARY TRUST (INTERNATIONAL) S.A.	Bahnhofstrasse 22, Ch-8022 Zurich, Switzerland
	FIDUCIARY TRUSTCOMPANY INTERNATIONAL	600 5thAvenue,New York,New York 10020
	FIDUCIARY TRUST COMPANY OF CANADA	350 Seventh Avenue SW, Suite 3000, Calgary, Alberta, T2P3N9
	FIDUCIARY TRUST INTERNATIONAL LIMITED	The Adelphi Building, 1-11 John Adam Street, London, WC2N6HT
	FIDUCIARY TRUST INTERNATIONAL OF CALIFORNIA	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
	FIDUCIARY TRUST INTERNATIONAL OF DELAWARE	1220 North Market Street, Wilmington, Delaware 19801
	FIDUCIARY TRUST INTERNATIONAL OF THE SOUTH	200 South Biscayne Boulevard, Suite 3050, Miami, Florida 33131
	FRANKLIN ADVISERS, INC.	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
	FRANKLIN ADVISERS GP, LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
	FRANKLIN ADVISORY SERVICES, LLC	One Parker Plaza, 9thFloor, Fort Lee, NJ 07024-2938
	FRANKLINCAPITALCORPORATION	47 West200 South, SaltLake City, UT84104-1621
	FRANKLIN INVESTMENT ADVISORY SERVICES, LLC	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
	FRANKLIN MUTUAL ADVISERS, LLC	101 John F. Kennedy Parkway, Short Hills, NJ 07028- 2789
	FRANKLIN RECEIVABLES LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
	FRANKLINSPE,LLC	47 West200 South, Suite 500, SaltLake City, UT84101
	FRANKLIN TEMPLETON ASIA HOLDINGS PRIVATE LIMITED	7 Temasek Boulevard, # 38-03, Suntec Tower One, Singapore, 038987
	FRANKLIN TEMPLETON ASSET MANAGEMENT (INDIA)PRIVATE LIMITED	Sakhar Bhavan, 1stFloor, 230 Backbay Reclamation, Nariman Point,Mumbai,400-021

5

			5
	FRANKLIN TEMPLETON ASSET MANAGEMENT (MALAYSIA) SDN.BHD.	Suite 1005, 10thFloor, Wisma Hamzah-Kwong Hing No. 1,Leboh Ampang, 50100,KualaLampur,Malaysia
	FRANKLIN TEMPLETON ASSET MANAGEMENT MEXICO, S.A. DE C.V., SOCIEDAD OPERADORA DESOCIEDADESDE INVERSION	770 Montes Urales, Fourth Floor, Lomas de Chapultapec, 11000 Mexico, D.F.
	FRANKLIN TEMPLETON AUSTRIAGMBH	4th Floor,Vienna1010,Austria
	FRANKLIN TEMPLETON BANK&TRUST,F.S.B.	Box 17406, SaltLake City, UT84117
	FRANKLIN TEMPLETON CAPITAL HOLDINGS PRIVATE LIMITED	1st Floor, Empire Tower, 26-28 Ham Nghi District 1, Ho Chi MinhCity,Vietnam
	FRANKLIN TEMPLETON COMPANIES, LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
	FRANKLIN TEMPLETON FINANCIAL SERVICES CORP.	600 Fifth Avenue, New York, NY 10020
	FRANKLIN TEMPLETON FRANCE S.A.	16-18 Avenue George V, 75008 Paris, France
	FRANKLIN TEMPLETON FUND MANAGEMENT LIMITED	Toronto Square, Infirmary Street, Leeds, LS1 2HJ, England
	FRANKLIN TEMPLETON GLOBAL INVESTORS LIMITED	5 Morrison Street, Edinburgh, Scotland, EH3 8BH
	FRANKLIN TEMPLETON GSC ASSET MANAGEMENTSDN.BHD	Suite 31-02, 31st Floor, Menara Keck Seng, 203 Jalan BukitBintang, 55100,KualaLumpur,Malaysia
	FRANKLIN TEMPLETON HOLDING LIMITED	C/O Pricewaterhouse Coopers LLP CathedralSquare,PortLouis,Mauritius
	FRANKLIN TEMPLETON INSTITUTIONAL,LLC	600 5thAvenue,New York,New York 10020
	FRANKLIN TEMPLETON INSTITUTIONAL GP, LLC	1133 Connecticut Ave., NW, Suite 400 Washington, DC 20036
	FRANKLIN TEMPLETON INTERNATIONAL SERVICES (INDIA) PRIVATE LIMITED	Franklin Templeton Park, 18-23, Financial District, Nanakramguda,Hyderabad - 500019 India
	FRANKLIN TEMPLETON INTERNATIONAL SERVICES S.A.	26 Boulevard Royal, L-2449 Luxembourg, Grand Duchy Of Luxembourg
	FRANKLIN TEMPLETON INVESTIMENTOS (BRASIL)LTDA.	Rua Jerônimo Da Veiga, 45 - 4º Andar SãoPaulo-Sp, 04536-000,Brasil
	FRANKLIN TEMPLETON INVESTMENTS POLAND SP ZO.O.	Rondo ONZ 1, 00-124 Warszawa
	FRANKLIN TEMPLETON INVESTMENT MANAGEMENTGMBH	St. Helier Jersey, Channel Islands
	FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED	5 Morrison Street, Edinburgh,EH3 8BH
	FRANKLIN TEMPLETON INVESTMENT SERVICES GMBH	Mainzer Landstr. 16, D-60325 Frankfurt-Am-Main, Germany
	FRANKLIN TEMPLETON INVESTMENT SERVICES MEXICO SDE R.L.	Montes Urales 770, Oficina 401, Lomas De Chapultepec, Mexico City C.P. 11000,Mexico
	FRANKLIN TEMPLETON INVESTMENT TRUST MANAGEMENTCO.,LTD.	3rd Floor, Ccmm Building 12 Youido-Dong, Youngdungpo-Gu, Seoul, South Korea150-968
	FRANKLIN TEMPLETON INVESTMENT URUGUAY	c/o GUYER & REGULES Pza. Independencia 811 11100Montevideo–Uruguay
	FRANKLIN TEMPLETON INVESTMENTS (ASIA) LIMITED	17thFloor, Chater House, 8 Connaught Road Central, HongKong
	FRANKLIN TEMPLETON INVESTMENTS AUSTRALIA LIMITED	Level 25, 360 Collins Street, Melbourne, Victoria 3000, Australia
	FRANKLIN TEMPLETON INVESTMENTS CORP.	5000 Yonge Street Suite 900, Toronto, Ontario M2N 0A7, Canada
	FRANKLIN TEMPLETON INVESTMENTS JAPAN LIMITED	Kanematsu Building, 6thFloor, 14-1, Kyobashi 2-Chome, Chuo-Ku,Tokyo104-0031, Japan
	FRANKLIN TEMPLETON INVESTMENTS (ME) LIMITED	Level 7, Gate Precinct Building 3, Unit 5, Dubai International Financial Centre, Sheikh Zayed Road, Dubai, UAE
	FRANKLIN TEMPLETON INVESTORSERVICES,	10600WhiteRock Road,Rancho Cordova, Ca 95670-

6

			6
	LLC	6032
	FRANKLIN TEMPLETON ITALIASIMS.P.A.	C.SoItalia,N.1,20122 Milano,Italy
	FRANKLIN TEMPLETON LUXEMBOURG HOLDING S.A.	26 Boulevard Royal, L-2449 Luxembourg Grand Duchy Of Luxembourg
	FRANKLIN TEMPLETON MAGYARORSZAG KFT	Bank Center, Citibank Tower, Szabadsag ter 7, 1054 Budapest,Hungary
	FRANKLIN TEMPLETON MANAGEMENT LUXEMBOURG SA	26 Boulevard Royal, L-2449 Luxembourg, GrandDuchy Of Luxembourg
	FRANKLIN TEMPLETON PORTFOLIO ADVISORS, INC.	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
	FRANKLIN TEMPLETON SERVICES LIMITED	The Sweepstakes Centre, Block C, Ballsbridge, Dublin 4, Ireland
	FRANKLIN TEMPLETON SERVICES, LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
	FRANKLIN TEMPLETONSLOVAKIA, S.R.O.	Karadźičova 8/a,Bratislava,821 08,Slovak Republic
	FRANKLIN TEMPLETON STRATEGIC INVESTMENTSLTD.	P.O. Box 309GT, Ugland House, South Church Street, GeorgeTown, Grand Cayman, Cayman Islands.
	FRANKLIN TEMPLETON SWITZERLAND LTD	Bahnhofstrasse 22, Ch-8022 Zurich, Switzerland
	FRANKLIN TEMPLETON TRUSTEE SERVICES PRIVATE LIMITED	Sakhar Bhavan, 1st Floor, 230 Backbay Reclamation, Nariman Point, Mumbai 400-021 India
	FRANKLIN/TEMPLETON DISTRIBUTORS,INC.	OneFranklin Parkway, San Mateo, CA94403
	FRANKLIN/TEMPLETON TRAVEL, INC.	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
	FS CAPITALGROUP	1800 GatewayDrive, San Mateo, CA94404
	FSPROPERTIES,INC.	1800 GatewayDrive, San Mateo, CA94404
	FT OPPORTUNISTIC DISTRESSED FUND LTD	Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman,KY1-1104, Cayman Islands.
	FTC INVESTOR SERVICES INC.	350 Seventh Avenue SW, Suite 3000, Calgary, Alberta, T2P3N9
	FTCI(CAYMAN)LTD.	11 Dr. Roy’sDrive, Grand Cayman, Cayman Islands
	ITICAPITAL MARKETSLIMITED	Century Centre,75Ttk Road, Chennai,India 600018
	LSIMC, LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
	MUTUAL RECOVERY FUND, LTD.	P.O. Box 309GT, Ugland House, George Town, Grand Cayman, Cayman Islands,KY1-1104.
	FRANKLIN TEMPLETON FUND MANAGEMENT LIMITED	Quayside House Canal Wharf, Leeds, LS11 5PU
	RIVA FINANCIAL SYSTEMS LIMITED	Old Chapel, Union Mills, Main Road Braddan, Isle Of Man Im4 4ad
	TEMPLETON ASSET MANAGEMENT (LABUAN) LIMITED	Lot H, Level 7, Wisma Oceanic, Jalan Okk Awang Besar, 87007 Federal Territory Of Labuan, Malaysia
	TEMPLETON ASSET MANAGEMENT LTD.	7 Temasek Boulevard, #38-03 Suntec Tower One, Singapore, 038987
	TEMPLETON ASSET MANAGEMENT LIMITED MEXICO	Montes Urales, No. 770-401, Lomas de Chapultepec, Ciudad deMéxico,D.F.,Mexico,11000
	TEMPLETON CHINA RESEARCH LIMITED	701b Citigroup Tower, 33 Hua Yuan Shi Qiao Road, Pudong Shanghai 200120P.R.China
	TEMPLETON DO BRASIL LTDA.	Rua Lauro Muller 116, Sala 2404, Rio De Janeiro, RJ, Brazil
	TEMPLETON FRANKLIN GLOBAL DISTRIBUTORS,LTD.	Appleby, Spurling & Kempe, 41 Cedar House Avenue, P.O. Box Hm 1179,Hamilton Hm Ex,Bermuda
	TEMPLETONGLOBAL ADVISORSLIMITED	P.O. Box N-7759,Lyford Cay,Nassau,Bahamas
	TEMPLETONGLOBAL HOLDINGSLTD.	P.O. Box N-7759,Lyford Cay,Nassau,Bahamas
	TEMPLETON INTERNATIONAL,INC.	300 S.E. 2nd Street,FortLauderdale,FL33301
	TEMPLETON INVESTMENTCOUNSEL,LLC	300 S.E. 2nd Street,FortLauderdale,FL33301
	TEMPLETON RESTRUCTURED INVESTMENTS, L.L.C.	300 S.E. 2ndStreet, Fort Lauderdale, FL 33301

7

TEMPLETON RESTRUCTURED INVESTMENTS, LTD.	300 S.E. 2ndStreet, Fort Lauderdale, FL 33301
TEMPLETON RESTRUCTURED INVESTMENTS III, LTD.	300 S.E. 2ndStreet, Fort Lauderdale, FL 33301
TEMPLETON WORLDWIDE,INC.	300 S.E. 2nd Street,FortLauderdale,FL33301
TEMPLETON/FRANKLIN INVESTMENT SERVICES,INC.	26515 Carmel Rancho Blvd., Carmel, CA 93923
TSEMF III (JERSEY) LIMITED	Whiteley Chambers, Don Street, St Helier, Jersey, JE4 9WG

This is the annexure of 5 pages marked Annexure A signed by me and dated 10 July 2012.

........................................................................... Lori A. Weber, Assistant Secretary Franklin Resources, Inc.

8

Annexure B Details of Entitlement and Relevant Interests

1. Date of Change	2. Person Whose Relevant InterestChanged	3. Nature of Change	4. Consideration in AUD$	5. Class and Number of Securities affected	6. Persons votes effected
09-May-12	Balanced EquityManagement PtyLimited	Disposed	7.64	(37,628)	(37,628)
23-May-12	Balanced EquityManagement PtyLimited	Disposed	7.36	(394,431)	(394,431)
24-May-12	Balanced EquityManagement PtyLimited	Disposed	7.37	(126,823)	(126,823)
25-May-12	Balanced EquityManagement PtyLimited	Disposed	7.32	(48,020)	(48,020)
28-May-12	Balanced EquityManagement PtyLimited	Disposed	7.38	(22,166)	(22,166)
30-May-12	Balanced EquityManagement PtyLimited	Disposed	7.39	(89,276)	(89,276)
31-May-12	Balanced EquityManagement PtyLimited	Disposed	7.32	(186,305)	(186,305)
05-Jun-12	Balanced EquityManagement PtyLimited	Disposed	7.10	(613,000)	(613,000)
07-Jun-12	Balanced EquityManagement PtyLimited	Acquired	7.02	100,000	100,000
08-Jun-12	Balanced EquityManagement PtyLimited	Disposed	7.06	(136,294)	(136,294)
12-Jun-12	Balanced EquityManagement PtyLimited	Disposed	7.11	(236,571)	(236,571)
13-Jun-12	Balanced EquityManagement PtyLimited	Acquired	7.07	29,800	29,800
29-Jun-12	Balanced EquityManagement PtyLimited	Disposed	7.17	(705,313)	(705,313)
02-Jul-12	Balanced EquityManagement PtyLimited	Disposed	7.46	(100,000)	(100,000)
03-Jul-12	Balanced EquityManagement PtyLimited	Disposed	7.47	(300,000)	(300,000)
04-Jul-12	Balanced EquityManagement PtyLimited	Disposed	7.54	(880,462)	(880,462)
05-Jul-12	Balanced EquityManagement PtyLimited	Disposed	7.58	(6,902)	(6,902)
06-Jul-12	Balanced EquityManagement PtyLimited	Disposed	7.55	(1,834,625)	(1,834,625)
09-Jul-12	Balanced EquityManagement PtyLimited	Disposed	7.50	(142,310)	(142,310)

7. Holder of Relevant Interest 8. Person's votes

Balanced Equity Management Pty Limited 46,808,180 votes

9. Registered Holder of Securities	10. Class and	Number of Shares	11. Person's votes	11. Person's votes
National Nominees Limited	15,705,300	Ordinary	15,705,300	votes
JP Morgan Nominees Australia Ltd	9,625,600	Ordinary	9,625,600	votes
HSBC Securities Services	17,412,280	Ordinary	17,412,280	votes
HSBC Custody Nominees (Australia) Limited	4,065,000	Ordinary	4,065,000	votes

This is the annexure of 1 page marked Annexure B referred to in the Form 604: Notice of change in interests or entitlements of substantial shareholder signed by me and dated 10 July 2012.

..............................................…….................. Lori A. Weber, Assistant Secretary Franklin Resources, Inc.