Lendlease Annual Report 2022

FY22 Remuneration Snapshot 76% of Global CEO Total Maximum Remuneration is performance based Simplified LTA vesting schedules (straight line vesting between Threshold and Maximum) Leaver treatment for LTAs granted in FY23 onwards: LTA forfeited for any resignation (both competitor and non-competitor) LTA prorated for time served for ‘good leavers’ LTA changes STA changes 48% of Maximum STA awarded to Global CEO (KMP STA outcomes range from 55% to 61% of Maximum STA opportunity) FY22 Executive Reward Strategy amended to balance stakeholder views and continue to support strategic priorities Nil LTA awards vested Long Term Performance targets (relative TSR and ROE) failed to meet challenging thresholds Total Maximum Remuneration opportunity reduced (compared to the former CEO) LTA continues to reflect the long dated nature of our business Simplification and reduction of KPIs Shifted KPI weightings to 65% financial / 35% non financial Threshold and Maximum performance set in addition to Target 50% of STA deferred into equity Removed the RSA increasing the proportion of performance based reward Governance 79