LENDLEASE GROUP — Major Shareholding Notification 2013

Apr 21, 2013

Form 605

Corporations Law Section 671B

Notice of ceasing to be a 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

The holder ceased to be a substantial holder on

17/04/2013

The previous notice was given to the company on 17/04/2013

The previous notice was dated

17/04/2013

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change(5)	Class (6) and number of securities affected	Person’s votes affected
17-Apr-13	Balanced Equity Management PtyLimited	Disposal	(13,694,237.66)	(1,302,611)	(1,302,611)

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows: NOT APPLICABLE

Name and ACN (if applicable) Nature of association

4. Addresses

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

Name	Address
SeeAnnexureA	SeeAnnexureA

Signature

print name Lori A. Weber

Capacity: Assistant Secretary, Franklin Resources, Inc.

Sign here

Date 19 April 2013

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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&EE GENERAL PARTNER LIMITED	St. Helier Jersey, Channel Islands
C&EE PRIVATE 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 of São Paulo – 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 Connaught Road, Central, Hong Kong
DARBY ASIA INVESTORS (INDIA) PRIVATE LIMITED	Sakhar Bhavan, 1st Floor, 230 Backbay Reclamation Nariman Point,Mumbai 400-021,India
DARBY ASIA MEZZANINE FUND II MANAGEMENT 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, DC 20036
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,DC20036
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,George Town, Grand Cayman, Cayman Islands
DARBY HOLDINGS, INC.	1133 Connecticut Ave., NW, Suite 400 Washington,DC 20036
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 Sao Paulo(Sp)Brazil
DARBY LATIN AMERICAN MEZZANINE MANAGEMENT II,LLC	2711 Centerville Road, Suite 400, Wilmington, Delaware 19808
DARBY MEXICO PRIVATE EQUITY,S.A.P.I. DE	Montes Urales,No. 770-401,Lomas de Chapultepec,

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C.V.	11000,Ciudad de México
DARBY OVERSEAS INVESTMENTS, LTD.	1133 Connecticut Ave., NW, Suite 400 Washington,DC20036
DARBY OVERSEAS PARTNERS, L.P.	1133 Connecticut Ave., NW, Suite 400 Washington,DC 20036
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, DC 20036
DLAMF II SPECIAL COMPANY, LLC	Corporation Service Company, 2711 Centerville Road, Suite400,Wilmington,Delaware19808
FCC RECEIVABLES 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
FiduciaryTrust (International) Sàrl	16rue delaPélisserie,1204, Geneva, Switzerland
FIDUCIARY TRUST COMPANY INTERNATIONAL	600 5thAvenue, New York, New York 10020
FIDUCIARY TRUST COMPANY OF CANADA	350 Seventh Avenue SW, Suite 3000, Calgary, Alberta, T2P 3N9
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
FRANKLIN CAPITAL CORPORATION	47 West 200 South, Salt Lake City, UT 84104-1621
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
FRANKLIN SPE,LLC	47 West 200 South,Suite 500,Salt Lake City,UT 84101
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
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 AUSTRIA GMBH	4th Floor, Vienna 1010, Austria
FRANKLIN TEMPLETON BANK&TRUST,F.S.B.	Box 17406, SaltLake City, UT84117
FRANKLIN TEMPLETON CAPITAL HOLDINGS	1st Floor,Empire Tower,26-28 Ham Nghi District 1,Ho

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PRIVATE LIMITED	Chi Minh City,Vietnam
FRANKLIN TEMPLETON COMPANIES, LLC	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
Franklin Templeton Darby Equity Investment Management(Shanghai)Co.,Ltd.	Room 202-2, 200 Huiyuan Road, Jiading District, Shanghai,201807,China
FRANKLIN TEMPLETON FINANCIAL SERVICES CORP.	600 Fifth Avenue, New York, NY 10020
FRANKLIN TEMPLETON FRANCES.A.	16-18Avenue GeorgeV,75008Paris,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 MANAGEMENT SDN.BHD	Suite 31-02, 31st Floor, Menara Keck Seng, 203 Jalan Bukit Bintang, 55100, Kuala Lumpur, Malaysia
FRANKLIN TEMPLETON HOLDING LIMITED	C/O Pricewaterhouse Coopers LLP Cathedral Square,Port Louis,Mauritius
Franklin Templeton Infrastructure and Real Resources GP,LLC	600 Fifth Avenue, New York, New York, 10020, United States
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 São Paulo-Sp, 04536-000, Brasil
FRANKLIN TEMPLETON INVESTMENTS POLAND SP Z O.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 S DE R.L.	Montes Urales 770, Oficina 401, Lomas De Chapultepec, Mexico CityC.P. 11000,Mexico
FRANKLIN TEMPLETON INVESTMENT TRUST MANAGEMENTCO.,LTD.	3rd Floor, Ccmm Building 12 Youido-Dong, Youngdungpo-Gu, Seoul, South Korea150-968
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,Tokyo 104-0031,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 INVESTOR SERVICES, LLC	10600 White Rock Road, Rancho Cordova, Ca 95670- 6032
FRANKLIN TEMPLETON ITALIA SIM S.P.A.	C.So Italia,N.1,20122 Milano,Italy
FRANKLIN TEMPLETON LUXEMBOURG HOLDING S.A.	26 Boulevard Royal, L-2449 Luxembourg Grand DuchyOf 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, Grand Duchy Of Luxembourg
FRANKLIN TEMPLETON PORTFOLIO ADVISORS, INC.	One Franklin Parkway, Building 910, First Floor, San Mateo,California 94403
Franklin Templeton Real Estate Advisors GP, LLC	600 Fifth Avenue, New York, New York, 10020, United States

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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 TEMPLETON SLOVAKIA,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 TEMPLETONSWITZERLAND LTD	Bahnhofstrasse22, 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.	One Franklin Parkway, San Mateo, CA 94403
FRANKLIN/TEMPLETON TRAVEL, INC.	One Franklin Parkway, Building 910, First Floor, San Mateo, California 94403
FS CAPITALGROUP	1800 GatewayDrive, San Mateo, CA94404
FS PROPERTIES,INC.	1800 GatewayDrive,San Mateo,CA 94404
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, T2P 3N9
FTCI(CAYMAN)LTD.	11 Dr. Roy’s Drive,Grand Cayman,Cayman Islands
FTI South Africa	First Floor Kildare House, The Oval 1 Oakdale Road, Newlands, CapeTown,7700, South Africa
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.
K2 Advisors Holdings, LLC	300 Atlantic Street, 12th Floor, Stamford, CT, 06901, United States
K2 Advisors Subsidiary Holdings, LLC	300 Atlantic Street, 12th Floor, Stamford, CT, 06901, United States
K2 Advisors LLC	300 Atlantic Street, 12th Floor, Stamford, CT, 06901, United States
K2/D&S Management Co., L.L.C.	300 Atlantic Street, 12th Floor, Stamford, CT, 06901, United States
K2 AdvisorsLimited	100Pall Mall,London, SW1Y5NQ,England
K2 Advisors Japan Ltd.	Atago Green Hills MORI Tower 39F, 2-5-1 Atago, Minato- ku,Tokyo,100-6309,Japan
K2 Advisors Hong Kong Limited	20F, Workstation Building, 43 Lyndhurst Terrace, Central,HongKong
K2/Highland Management Co., L.L.C.	300 Atlantic Street, 12th Floor, Stamford, CT, 06901, United States
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 TerritoryOf Labuan,Malaysia
Templeton Asset Management (Poland) S.A.	Rondo 1, 26th Floor, Rondo ONZ 1, Warsaw, 00-124, Poland
TEMPLETON ASSET MANAGEMENT LTD.	7 Temasek Boulevard, #38-03 Suntec Tower One, Singapore, 038987
Templeton Asset Management Limited Mexico, S. de R.L. de C.V.	Montes Urales, No. 770-401, Lomas de Chapultepec, Ciudad de México, D.F., Mexico,11000
TEMPLETON CHINA RESEARCH LIMITED	701b Citigroup Tower, 33 Hua Yuan Shi Qiao Road, Pudong Shanghai 200120 P.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
TEMPLETON GLOBAL ADVISORS LIMITED	P.O. Box N-7759,Lyford Cay,Nassau,Bahamas
TEMPLETON GLOBAL HOLDINGS LTD.	P.O. Box N-7759,Lyford Cay,Nassau,Bahamas
TEMPLETON INTERNATIONAL,INC.	300 S.E. 2ndStreet,Fort Lauderdale,FL 33301

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TEMPLETON INVESTMENT COUNSEL,LLC	300 S.E. 2ndStreet,Fort Lauderdale,FL 33301
TEMPLETON RESTRUCTURED INVESTMENTS, L.L.C.	300 S.E. 2ndStreet, Fort Lauderdale, FL 33301
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
TSEMF IV (Jersey) Limited	Whiteley Chambers, Don Street, St. Helier, Jersey (Channel Islands),JE4 9WG

This is the annexure of 5 pages marked Annexure A signed by me and dated 19 April 2013.

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