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Date [Eg 14 July 2006] ASX Announcement Lend Lease completes Valemus acquisition 10 March 2011 Lend Lease today announced that it has completed the acquisition of Valemus Australia (Valemus), the parent company of Abigroup, Baulderstone and Conneq from Bilfinger Berger SE. The Valemus order book at 31 December 2010 was A$5.3bn, which provides considerable visibility of future earnings. The Valemus name will be retired immediately with Abigroup, Baulderstone and Conneq continuing to operate as separate business units, as part of Lend Lease’s infrastructure business. Peter Brecht, formerly Chief Executive Officer of Valemus, has been appointed Managing Director, Infrastructure, reporting to Scott Charlton, Lend Lease Group Director of Operations. Lend Lease will now undertake an initial 90 day integration process that will focus on enhancing value and confirming opportunities for synergies. A key aspect of the integration will be to share knowledge, systems and processes ensuring consistent best practice approaches to safety, risk management and corporate governance are maintained across the Group. Lend Lease Group Chief Executive Officer and Managing Director, Steve McCann, said the acquisition is consistent with the Group’s strategic direction and focus on key growth trends. The Abigroup, Baulderstone and Conneq businesses give Lend Lease capabilities in the growing Engineering & Construction markets. “I would like to welcome all Valemus employees to Lend Lease. There is a strong cultural and strategic fit between the organisations and the depth of skills within the Valemus businesses will add considerably to our market offering, said Mr McCann. “Lend Lease acquired Valemus at an attractive price and we retain significant financial flexibility to fund the Group’s development pipeline. The Group’s strong balance sheet, diversified portfolio and substantial project pipeline provide a strong platform for earnings growth.” ENDS For further information, please contact: Investor Relations: Corporate Affairs: Sally Cameron Iwona Polski Group Executive - Investor Relations Media & External Communications Manager Tel: 02 9236 6464 Tel: 02 9237 5034 Lend Lease Corporation Limited ABN 32 000 226 228 1 and Lend Lease Responsible Entity Limited ABN 72 122 883 185 AFS Licence 308983 as responsible entity for Lend Lease Trust ABN 39 944 184 773 ARSN 128 052 595 Level 4, 30 The Bond Telephone +61 2 9236 6111 30 Hickson Road Facsimile +61 2 9252 2192 Millers Point NSW 2000 www.lendlease.com Australia .
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