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28 November 2007

Bovis Lend Lease consortium reaches contractual close on A$1 billion Royal Children’s Hospital redevelopment
Lend Lease Corporation Limited (“Lend Lease”) today announced that its subsidiary, Bovis Lend Lease Limited (“Bovis Lend Lease”), as part of the Children’s Health Partnership which also includes Babcock & Brown Limited and Spotless Group Limited, has reached contractual close with the Victorian Government for the A$1 billion Royal Children’s Hospital project in Melbourne, Australia.

The Royal Children’s Hospital project is the largest hospital redevelopment in Australia and Bovis Lend Lease will be responsible for the project management, design and construction.

Construction is scheduled to begin later this year, with the new hospital expected to open in 2011.

Further details are included in the attached media statement.

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