Lendlease : Withdrawal of Resolution 5 Lendlease AGM

9 November 2016

Lendlease Group advises that Resolution 5 (Approval of New Constitutions) referred to in the Notice of Meetings for the Annual General Meeting of Lendlease Corporation Limited and Unitholders of Lendlease Trust, will not be put to securityholders at the meetings to be held on Friday 11 November 2016. Based on proxies received to date, it is not expected that this resolution will pass on a poll given it requires a 75% majority.

The new constitutions were proposed in response to developments in law, corporate governance principles and general corporate and commercial practice for ASX listed entities. The Board considered that the amendments proposed were in the best interest of securityholders and the changes were administrative in nature.

The withdrawal of the proposed resolution has no effect on the other proposed resolutions and will not affect the validity of the proxy form attached to the Notice of Meetings or any proxy votes already submitted.

All other resolutions included in the Notice of Meetings provided to securityholders will be put to securityholders at the meetings.

For further information, please contact:

Justin McCarthy Natalie Campbell

Mob: +61 422 800 321 Mob: +61 410 838 914

as responsible entity for Lendlease Trust ABN 39 944 184 773 ARSN 128 052 595

Level 14, Tower Three, International Towers Sydney Telephone +61 2 9236 6111

Exchange Place, 300 Barangaroo Avenue Facsimile +61 2 9252 2192 Barangaroo NSW 2000 Australia lendlease.com