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19 December 2007

Bovis Lend Lease Secures A$296 Million Contract to Redevelop Liverpool Hospital in Sydney, Australia
Lend Lease Corporation Limited (“Lend Lease”) today announced that its subsidiary, Bovis Lend Lease Limited (“Bovis Lend Lease”), has been appointed as Managing Contractor for the design and construction of Stage 2, Phase 1 of the Liverpool Hospital redevelopment in Sydney. The contract is valued at A$296 million.

Liverpool Hospital is the major tertiary referral hospital in south west Sydney and provides clinical care, teaching and research and is a teaching hospital for the University of New South Wales. Bovis Lend Lease has been contracted by the NSW Department of Health (“NSW Health”) and Sydney South West Area Health Services.

The Stage 2, Phase 1 works will comprise the construction of a new 45,000 square-metre clinical services building, a refurbishment of the existing clinical services building, extension and refurbishment to the cancer centre and pathology department buildings and all associated engineering and site infrastructure works.

Work is expected to commence on the new clinical services building in May 2008. It will comprise seven storeys, plus a basement level and a heliport and will be completed in late 2010, with the existing clinical service building refurbishment completed by late 2011.

Further details are included in the attached media statement.

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