Macquarie group becomes substantial shareholder in Lendlease

Macquarie Group Limited and its controlled bodies corporate became a substantial holder in Lendlease Group on November 14, 2025, holding a relevant interest in 51,284,475 ordinary fully paid (FPO) securities. This translates to a voting power of 7.43% in the company.

The relevant interests are primarily held through Macquarie Bank Limited, which controls the exercise of voting rights and disposal of 631,266 FPO securities and an additional 37,158,267 FPO shares through stock borrowing and lending activities. Various other Macquarie entities, including Macquarie Investment Management Advisers, Macquarie Investment Management Australia Limited, and Macquarie Investment Management Global Limited, also hold significant interests as investment managers or trustees.

In a related announcement, David Paul Craig ceased to be a director of Lendlease Group on November 14, 2025. His last notice as director was on July 1, 2024. He held no direct registered securities but had indirect relevant interests through trusts, including 52,870 Ordinary Stapled Securities via Zadiac Pty Limited ATF Zadiac Superannuation Fund and 83,130 Ordinary Stapled Securities through Craigfamily Pty Ltd.