ASX Announcement

Lend Lease Appoints Michael Ullmer to Board

9 November 2011

Lend Lease today announced the appointment of Michael Ullmer to its Board of Directors, effective 1 December 2011.

Mr Ullmer currently serves as a Non Executive Director of Fosters Group Limited and was an Executive Director of the National Bank until his retirement in August 2011. He is also a director of the Symphony Orchestra.

Mr Ullmer has a degree in mathematics from the University of Sussex. He is a Fellow of the Institute of Chartered Accountants and a Senior Fellow of the Financial Services Institute of Australia.

Mr Ullmer brings to the Board extensive strategic, financial and management experience accumulated over his career in international banking and finance. He was the former Deputy Group Chief Executive Officer of the and played a leading role in driving the Bank’s strategy and navigating the Bank to a position of strength during the global financial crisis.

After an early career with KPMG in , the UK and then Australia, Michael joined Coopers and Lybrand to lead their Asia Pacific Financial Services Group. In 1997 he joined the of Australia as Group Chief Financial Officer and then Group Executive with responsibility for Institutional and Business Banking.

Lend Lease Chairman, David Crawford welcomed Mr Ullmer to the Board.

“Michael’s 30 year career in international strategy and banking and his financial and executive management experience will be a valuable addition to the Board skill set and with his appointment, I am confident that the Board possesses an appropriate level of skill, expertise and experience to lead the Group on behalf of securityholders, ” said Mr Crawford.

ENDS

For further information, please contact: Investor Relations: Corporate Affairs: Sally Cameron Iwona Polski Group Executive - Investor Relations Group Media & External Communications Manager Tel:02 9236 6464 Tel: 02 9237 5034

Lend Lease Corporation Limited ABN 32 000 226 228 and 1 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