Distribution
Share Plan
Taxation
Distribution
       A  B      
 
DISTRIBUTION
PERIOD ENDING PAYMENT
DATE
LENDLEASE CORPORATION
DIVIDEND
LENDLEASE
TRUST DISTRIBUTION
 
TOTAL DISTRIBUTION
PER SECURITY(1)
 
DRP PRICE  SEP PRICE 
SPP PRICE
 Final 30-Jun-18 21-Sep-18  $0.30327100  $0.04672900 $0.35000000  $19.7183 suspended suspended
 Interim 31-Dec-17 22-Mar-18  $0.29432230  $0.04567770  $0.34000000  $17.7651 suspended suspended
Final 30 Jun 2017  20 Sep 2017  $0.28419521  $0.04580479  $0.33000000  $16.6231 suspended  suspended 
Interim 31 Dec 2016  24 Mar 2017 $0.29762322  $0.03237678  $0.33000000 $15.1399 suspended  suspended
 Final  30 Jun 2016  14 Sep 2016  $0.27475110  $0.02524890  $0.30000000  $13.8994   suspended  suspended
 Interim  31 Dec 2015
 15 Mar 2016  $0.21350462  $0.08649538  $0.30000000  $13.2604  suspended  suspended
 Final  30 June 2015
 18 Sep 2015  $0.22870839  $0.04129161  $0.27000000  $13.4442  suspended  suspended
 Interim  31 Dec 2014
 18 Mar 2015  $0.23972895  $0.03027105  $0.27000000  $16.8660  suspended  suspended
 Final  30 Jun 2014
 22 Sep 2014  $0.41953477  $0.07046523  $0.49000000  $14.0832  suspended  suspended
 Interim  31 Dec 2013
 21 Mar 2014  $0.17500105  $0.04499895  $0.22000000  $11.4734  suspended  suspended
 Final  30 Jun 2013
 27 Sep 2013  $0.19009245  $0.00990755  $0.20000000  $9.9458  suspended  suspended
 Interim  31 Dec 2012
 27 Mar 2013  $0.21845565  $0.00154435  $0.22000000  $10.1968  suspended  suspended
 Final  30 Jun 2012
 30 Sep 2012  $0.22000000  N/A  $0.22000000  $7.7882  suspended  suspended
 Interim  31 Dec 2011
 30 Mar 2012  $0.16000000  N/A  $0.16000000  $7.4943  suspended  suspended
 Final  30 Jun 2011
 30 Sep 2011  $0.15000000  N/A  $0.15000000  $7.2820  suspended  suspended
 Interim  31 Dec 2010
 30 Mar 2011  $0.20000000  N/A  $0.20000000  $8.4298  suspended  suspended
 Final  30 Jun 2010
 24 Sep 2010  $0.12000000  N/A  $0.12000000  suspended  suspended  suspended
 Interim  31 Dec 2009
 31 Mar 2010  $0.20000000  N/A  $0.20000000  suspended  suspended  suspended
 In specie  N/A
 20 Nov 2009  $0.00100000  N/A  $0.00100000   N/A  suspended  suspended
 * The shares of Lendlease Corporation and the units in Lendlease Trust were combined as stapled securities on 12 November 2009
 Final  N/A  25 Sept 2009
 $0.16000000  N/A  $0.16000000  $9.4997  suspended  suspended
Interim  N/A  01 Apr 2009
 $0.25000000  N/A  $0.25000000  $5.292  suspended  suspended
 Final  N/A  26 Sept 2008
 $0.34000000  N/A  $0.34000000  $9.264  suspended  suspended
 Interim  N/A  26 Mar 2008
 $0.43000000  N/A  $0.43000000  suspended  suspended  suspended
  Final  N/A  12 Sept 2007
 $0.42000000  N/A  $0.42000000  suspended  suspended  suspended
 Interim  N/A  27 Mar 2007
 $0.35000000  N/A  $0.35000000  suspended  suspended  suspended
  Final  N/A  13 Sept 2006
 $0.31000000  N/A  $0.31000000  suspended  $15.50  suspended
 Interim  N/A  14 Mar 2006
 $0.30000000  N/A $0.30000000   suspended  $13.32  suspended
  Final  N/A  14 Sep 2005
 $0.29000000  N/A  $0.29000000  suspended  $13.14  suspended
 Interim  N/A  08 Mar 2005
 $0.28000000  N/A  $0.28000000  suspended  suspended  suspended
  Final  N/A  15 Sep 2004
 $0.26000000  N/A $0.26000000   suspended  suspended  suspended
 Interim  N/A  17 Mar 2004
 $0.18000000  N/A  $0.18000000  suspended  suspended  suspended
  Final  N/A  18 Sep 2003
 $0.20000000  N/A  $0.20000000 $10.64   suspended  suspended
 Interim  N/A  19 Mar 2003
 $0.10000000  N/A  $0.10000000  $8.71 $8.71  $8.71
  Final  N/A  19 Sep 2002
 $0.09000000  N/A  $0.09000000 $11.02  $11.02  $11.02 
 Interim  N/A  20 Mar 2002
 $0.09000000 N/A  $0.09000000   $11.79  $11.79 $11.79 
  Final  N/A  13 Sep 2001
$0.08000000   N/A $0.08000000   $10.97 suspended  $10.97 
 Interim  N/A
 14 Mar 2001  
$0.13000000   N/A $0.13000000  $14.85  suspended  $14.85 
  Final  N/A
 14 Sep 2000  
 $0.32000000  N/A  $0.32000000  $19.82 $19.82   suspended
 Interim  N/A  15 Mar 2000
$0.32000000  N/A   $0.32000000 $20.34   $20.34  $20.34
  Final  N/A
 16 Sep 1999  
$0.31000000  N/A  $0.31000000  $19.66  $19.66  $19.66 
Interim   N/A  17 Mar 1999
 $0.29000000 N/A  $0.29000000  $21.46  $21.46  $21.46 
 Final   N/A
 17 Sep 1998  
$0.54000000  N/A 
$0.54000000 
$34.12  $34.12  $34.12 
Interim   N/A
 18 Mar 1998  
$0.53000000  N/A   $0.53000000 $35.06  $35.06  $35.06 
 Final
 N/A
 18 Sep 1997  
 $0.50000000  N/A $0.50000000  $30.48  $30.48  $30.48 
Interim   N/A
 19 Mar 1997  
$0.48000000   N/A $0.48000000 $23.41  $23.41   $23.41
  Final  N/A
 01 Nov 1996  
 $0.47000000  N/A $0.47000000  $20.71  $20.71  $20.71 
*Share Purchase Plan introduced 
Interim   N/A
 29 Mar 1996 
$0.43000000   N/A  $0.43000000
$17.47   $17.47  N/A
Final   N/A  03 Nov 1995
$0.38000000   N/A  $0.38000000  $16.89   $16.89 N/A 
2nd Interim   N/A  28 Jun 1995
$0.11000000   N/A  $0.11000000  $16.84  $16.84  N/A 
 Interim  N/A  31 Mar 1995
 $0.36000000   N/A  $0.36000000 $15.08  $15.08  N/A 
 Final  N/A  28 Oct 1994
 $0.36000000  N/A $0.36000000  $15.18   $15.18 N/A 
 2nd Interim   N/A  27 Jun 1994
 $0.10000000 N/A  $0.10000000  $15.10   $15.10 N/A 
 Interim  N/A  13 Apr 1994
 $0.34000000 N/A  $0.34000000  $16.10  $16.10  N/A 
 Final  N/A  22 Oct 1993
$0.33000000  N/A  $0.33000000  suspended  suspended  N/A 
 Special  N/A  15 Jul 1993
$0.10000000  N/A  $0.10000000   $12.79 $12.79  N/A 
 Interim  N/A  29 Mar 1993
$0.33000000   N/A  $0.33000000 suspended   suspended  N/A
 Final  N/A  23 Oct 1992
$0.33000000   N/A $0.33000000   suspended  suspended  N/A
  Special  N/A
16 Jul 1992 
 $0.08000000  N/A $0.08000000  $14.16  $14.16   suspended
Interim   N/A  30 Mar 1992
$0.32000000   N/A $0.32000000   suspended  suspended  N/A
 Final  N/A  23 Oct 1991
$0.32000000   N/A $0.32000000  $14.24  $14.24   N/A
 Special  N/A
 26 Jun 1991 
 $0.08000000  N/A $0.08000000  $14.42   $14.42  N/A
 Interim  N/A
 03 Apr 1991 
 $0.31000000  N/A $0.31000000   $12.72 $12.72   N/A
 Final  N/A  19 Oct 1990
 $0.31000000 N/A  $0.31000000   $11.04  $11.04  N/A
 Special  N/A
 27 Jun 1990 
 $0.10000000  N/A $0.10000000  $11.90  $11.57   N/A
Interim   N/A
 30 Mar 1990 
 $0.29000000  N/A $0.29000000  $11.47   $11.15 N/A 
Final   N/A  27 Oct 1989
 $0.27000000  N/A $0.27000000  $10.92   $10.62 N/A 
 Special  N/A  26 Jun 1989
 $0.15000000  N/A $0.15000000  $7.50   $7.50 N/A 
 Interim  N/A  31 Mar 1989
$0.27000000  N/A  $0.27000000  $8.45  $8.21   N/A
 Bonus  N/A  28 Oct 1988
 $0.50000000 N/A  $0.50000000  $10.10   $9.82 N/A 
 Final  N/A  28 Oct 1988
$0.27000000  N/A  $0.27000000  $10.10  $9.82  N/A 
 Interim  N/A
 25 Mar 1988 
 0.23000000 N/A  0.23000000  $10.79  $10.49  N/A 
 *Share Election Plan introduced
 Final  N/A
 14 Oct 1987 
 $0.23000000  N/A $0.23000000   $16.33 N/A  N/A 
 Interim  N/A  27 Mar 1987
$0.22000000   N/A $0.22000000  $11.65  N/A  N/A 
 Final  N/A  31 Oct 1986
 $0.20000000  N/A $0.20000000  $7.59  N/A  N/A 
 Interim  N/A  27 Mar 1986
 $0.16000000  N/A $0.16000000  $7.49   N/A N/A 
Final   N/A  21 Oct 1985
$0.16000000   N/A $0.16000000  $5.62  N/A   N/A
(1 ) The total Lendlease Group distribution is comprised of the Lendlease Corporation dividend and the Lendlease Trust distribution (A + B = C). 

Lendlease Corporation Dividend History
DIVIDEND PAYMENT DATE DIVIDEND PER SHARE DATE FRANKING PERCENTAGE COMPANY TAX RATE CFI PERCENTAGE1
 Final 21-Sep-18 $0.30327100 Nil 30% 60%
 Interim 22-Mar-18  $0.29432230 Nil 30% 100%
Final  20-Sep-17  $0.28419521   Nil 30%  100% 
 Interim 24-Mar-17 $0.29762322 Nil 30% 100%
 Final 14-Sep-16 $0.27475110   Nil 30% 100%
Interim 15-Mar-16 $0.21350462
Nil 30% 100%
Final 18-Sep-15
$0.22870839
25% 30% 100%
Interim 18-Mar-15 $0.23972895
Nil 30% 100%
Final 22-Sep-14
$0.41953477
Nil 30% 100%
Interim 21-Mar-14
$0.17500105
Nil 30% 100%
Final 27-Sep-13 $0.19009245
Nil 30% 100%
Interim 27-Mar-13 $0.21845565
Nil 30% 100%
Final 30-Sep-12 $0.22000000
Nil 30% 100%
Interim 30-Mar-12 $0.16000000
Nil 30% 100%
Final 30-Sep-11 $0.15000000
Nil 30% 100%
Interim 30-Mar-11 $0.20000000
50% 30% 100%
Final 24-Sep-10
$0.12000000
100% 30% N/A
Interim 31-Mar-10 $0.20000000
100% 30% N/A
* The shares of Lendlease Corporation and the units in Lendlease Trust were combined as stapled securities on 12 November 2009
In specie 20-Nov-09 $0.00100000
100% 30% N/A
Final 25-Sep-09 $0.16000000
100% 30% N/A
Interim 1-Apr-09 $0.25000000
60% 30% 100%
Final 26-Sep-08 $0.34000000
45% 30% 100%
Interim 26-Mar-08
$0.43000000
40% 30% 100%
Final 12-Sep-07 $0.42000000
50% 30% 100%
Interim 27-Mar-07 $0.35000000
500% 30% 100%
Final 13-Sep-06 $0.31000000
100% 30% N/A
Interim 14-Mar-06 $0.30000000
100% 30% N/A
Final 14-Sep-05 $0.29000000
100% 30% N/A
Interim 8-Mar-05 $0.28000000
Nil N/A 100%
Final 15-Sep-04 $0.26000000
Nil N/A 100%
Interim 17-Mar-04 $0.18000000
Nil N/A 100%
Final 18-Sep-03
$0.20000000
Nil N/A 100%
Interim 19-Mar-03 $0.10000000
100% 30% N/A
Final 19-Sep-02 $0.09000000
100% 30% N/A
Interim 20-Mar-02 $0.09000000
100% 30% N/A
Final 13-Sep-01 $0..08000000 100% 30% N/A
Interim 14-Mar-01 $0.13000000
Nil N/A N/A
Final 14-Sep-00 $0.32000000
100% 34% Class C N/A
Interim 15-Mar-00 $0.32000000
100% 36% Class C N/A
Final 16-Sep-99 $0.31000000
100% 36% Class C N/A
*September 1999 - Residual cash dividend for DRP introduced
Interim 31-Mar-99 $0.29000000
100% 36% Class C N/A
*December 1998 - One for one bonus share issue
Final 17-Sep-98 $0.54000000
100% 36% Class C N/A
Interim 18-Mar-98 $0.53000000 100% 36% Class C N/A
Final 18-Sep-97 $0.50000000
100% 36% Class C N/A
Interim 19-Mar-97
$0.48000000
100% 36% Class C N/A
Final 1-Nov-96 $0.47000000
100% 36% Class C N/A
Interim 29-Mar-96 $0.43000000
100% 36% Class C N/A
Final 3-Nov-95 $0.38000000
100% 39% Class A N/A
2nd Interim 28-Jun-95 $0.11000000
100% 39% Class A N/A
Interim 31-Mar-95 $0.36000000
100% 39% Class A N/A
Final 28-Oct-94 $0.36000000
100% 39% N/A
2nd Interim 27-Jun-94 $0.10000000
100% 39% N/A
Interim 13-Apr-94 $0.34000000
100% 39% N/A
Final 22-Oct-93 $0.33000000
100% 39% N/A
Special 15-Jul-93
$0.10000000
Nil N/A N/A
Interim 29-Mar-93 $0.33000000
100% 39% N/A
Final 23-Oct-92 $0.33000000
100% 39% N/A
Special 16-Jul-92 $0..08000000 Nil N/A N/A
Interim 30-Mar-92 $0.32000000
100% 39% N/A
Final 23-Oct-91 $0.32000000
100% 39% N/A
Special 26-Jun-91 $0.80000000
100% 39% N/A
3-May-91 One for ten new issue at $12.00 per share
Interim 3-Apr-91 $0.31000000
100% 39% N/A
Final 19-Oct-90 $0.31000000
100% 39% N/A
Special 27-Jun-90 $0.10000000
100% 39% N/A
Interim 30-Mar-90 $0.29000000
100% 39% N/A
Final 27-Oct-89 $0.27000000
100% 39% N/A
24-Jul-89 One for ten new issue at $7.50 per share
Special 26-Jun-89
$0.15000000
100% 49% N/A
Interim 31-Mar-99 $0.27000000
100% 49% N/A
Bonus 28-Oct-88 $0.50000000 100% 49% N/A
Final 28-Oct-88 $0.50000000
100% 49% N/A
28-Oct-88 One for ten bonus share issue from Share Premium Reserve
Interim 25-Mar-88 $0.23000000
100% 49% N/A
Final 14-Oct-87 $0.23000000
100% 49% N/A
*July 1987 - Dividend Imputation System introduced in Australia
Interim 27-Mar-87 $0.22000000
N/A N/A N/A
Final 31-Oct-86 $0.20000000
N/A N/A N/A
Interim 27-Mar-86 $0.16000000
N/A N/A N/A
29-Oct-85 One for ten new issue at $4.00 per share
Final 21-Oct-85 $0.16000000
N/A N/A N/A
1CFI percentage is the amount of the unfranked dividend declared to be conduit foreign income.
Lendlease Trust Distribution History

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You may also make contributions of between $500 and $2,500 to acquire new Lendlease securities under the Share Purchase Plan (SPP). Unless the SPP is suspended, each time we pay a half-year or final dividend we will send you an SPP application form.

Together, the DRP, SEP and SPP constitute the Lendlease Share Accumulation Plan (SAP). The SAP is designed to be a convenient way for you to build your securityholding without incurring transaction costs. You do not have to participate in any part of the SAP. If you wish to participate, you may participate in any part or all parts.

TAX DOCUMENTATION

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Lendlease Trust Fund Payment Notices
*Notices for the purpose of Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953 are available above. The information contained in the fund payment notices are provided solely for the purposes of MIT non-resident withholding tax under Subdivison 12-H of the Taxation Administration Act 1953, and should not be used for any other purpose. Australian resident securityholders should not rely on these notices for the purposes of completing their Australian tax returns. Details of the Lendlease Trust distribution components for Australian income tax return purposes are provided in the Annual Taxation Statements.

Lendlease
Following shareholder approval on 12 November 2009 the shares of Lendlease Corporation Limited ("LLC") and the units in Lendlease Trust ("LLT") were combined as stapled securities. From 13 November 2009 the shares in the Company and units in the Trust have been traded as one security under the name of Lendlease Group on the Australian Securities Exchange and the New Zealand Stock Exchange. LLT was 100% owned by the Company prior to approval of the stapling proposal. Units in LLT were distributed on 20 November 2009 to LLC shareholders as fully franked 'in specie' dividend with a value of 0.1 cent each. That value becomes the initial CGT cost base in each LLT unit distributed 'in specie' to effect the stapling.

Further details in relation to the stapling are available in the Explanatory Statement dated 12 October 2009.
Capital Reallocations

LLC has undertaken two capital reallocations, by way of a return of capital on each LLC share that is applied as additional capital on the stapled LLT unit.

Effective Date Total Capital Rellocated Cents Per Security
26 November 2012 $500.3m 87.10688
21 November 2014 $400.50 69.099769

Each capital reallocation results in a change in the CGT cost base of each LLC share and LLT unit held at that time, with the reduction in CGT cost base in the LLC share being equal to the increase in CGT cost base for the LLT unit.

Further details in relation to the capital reallocations are available in the Explanatory Statements dated 15 October 2012 and 15 October 2014.

The Australian Taxation Office has published Class Rulings in relation to each capital reallocation. Please refer to the following links for 2012 ATO Class Ruling and 2014 ATO Class Ruling.

Cost Base in LLT Unit
If you received LLT units as part of the stapling transaction then the original CGT cost base in those LLT units was 0.1 cent each. Note, that there was no reduction in the CGT cost base in your LLC shares as part of the stapling proposal.

In relation to Lendlease Group stapled securities acquired for $7.70 per new security under the 5 for 22 renounceable entitled offer completed in March 2010, an amount of 0.1 cent was allocated to the LLT unit. Accordingly, the original CGT cost base in those LLT units was 0.1 cent each.

For Lendlease Group stapled securities acquired under the Distribution Reinvestment Plan in March 2011, September 2011, March 2012 or September 2012 the original CGT cost base in those LLT units issued was 0.1 cent each.

Where a Lendlease Group stapled security is disposed of on or after 26 November 2012 the impact of the first Capital Reallocation must be taken into account. If a Lendlease Group stapled security is disposed on or after 21 November 2014 the impact of both the first and second Capital Reallocation mush be taken into account.

LLT units that you held at the time of the first Capital Reallocation on 26 November 2012 will have an increase in CGT cost base of 87.106880 cents per unit and LLT units that you held at the time of the second Capital Reallocation on 21 November 2014 will have an increase in CGT cost base of 69.099769 cents per unit.
Cost Base in LLC Share
The CGT cost base in a LLC share you hold is generally the amount you paid to acquire it, plus incidental costs.

LLC shares that you held at the time of the first Capital Reallocation on 26 November 2012 will have a reduction in CGT cost base of 87.106880 cents per share. LLC shares that you held at the time of the second Capital Reallocation on 21 November 2014 will have a reduction in CGT cost base of 69.099769 cents per share.
Net Assets Split
For the period from 13 November 2009 to 30 June 2018, the relative net assets of a Lendlease Group stapled security, taking into account the Capital Reallocations on 26 November 2012 and 21 November 2014, are as follows:

From: To: LLC Share LLT Unit
13/11/2009 31/12/2009 99.97% 0.03%
1/01/2010 30/06/2010 99.98% 0.02%
1/07/2010 31/12/2010 99.98% 0.02%
1/01/2011 30/06/2011 99.98% 0.02%
1/07/2011 31/12/2011 99.98% 0.02%
1/01/2012 30/06/2012 99.98% 0.02%
1/07/2012 25/11/2012 99.98% 0.02%
26/11/2012 31/12/2012 87.72% 12.28%
1/01/2013 30/06/2013 88.31% 11.69%
1/07/2013 31/12/2013 88.64% 11.36%
1/01/2014 30/06/2014 89.46% 10.54%
1/07/2014 20/11/2014 89.01% 10.99%
21/11/2014 31/12/2014 80.93% 19.07%
1/01/2015 30/06/2015 81.27% 18.73%
1/07/2015 31/12/2015 81.04% 18.96%
1/01/2016 30/06/2016 81.32% 18.68%
1/07/2016 31/12/2016 81.72% 18.28%
1/01/2017 30/06/2017  81.89%  18.11%
 1/07/2017 31/12/2017 81.29% 18.71%
 1/01/2018 30/06/2018 80.56% 19.44%

Important Information for US Securityholders

U.S. securityholders are advised to consult their own tax advisers with respect to the consequences of holding and disposing of Lendlease securities, particularly having regard to the U.S. passive foreign investment company (“PFIC”) rules.

U.S. “check-the-box” (“CTB”) tax election

During the 2016 calendar year, some entities Lendlease Trust has invested in made a U.S. check-the-box (“CTB”) tax election. There may be U.S. tax consequences for U.S. securityholders. U.S. securityholders should seek their own tax advice in respect of the impact of these elections.

If you have any enquiries, please contact Lendlease at [email protected].

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