Lend Lease Announces Staff Changes

Lend Lease Corporation Limited (“Lend Lease”) today announced that Chief Operating Officer, Ross Taylor, will step down from his role and will be leaving the corporation later this year. He will resign from the Board as an Executive Director effective immediately. The Board has also decided that the role of Chief Operating Officer will not be filled pending resolution of the current CEO search process which was announced to the market on 21 August 2008.

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