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Warrant Report-Adjustment to LLCWAA pursuant to Bonus Issue

Document date:  Fri 27 Nov 1998
Published:  Fri 27 Nov 1998 00:00:00
Document No:  143473
Document part:  A
Market Flag:  N
Classification: 

HOMEX - Melbourne                                                     

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Australia and New Zealand Banking Group Limited as Issuer of Call
Warrants over Ordinary Shares of Lend Lease Corporation Limited
issued pursuant to be Offering Circular dated 22 July 1997, advises
that due to the recently approved Bonus Issue, the term of the
Warrants will be adjusted in the following manner:

Effective 1 December 1998:

Revised Underlying Parcel:     Two ordinary share in Lend Lease 
                               Corporation Limited - previously one 
                               ordinary share in Lend Lease 
                               Corporation Ltd 

Revised Required Number:       Remains unchanged at 4

For and on behalf of Australia and New Zealand Banking Group Limited

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