MIRVAC GROUP — Board/Management Information 2008

Apr 20, 2008

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21 April 2008

SENIOR MANAGMENT RESTRUCTURE

Mirvac Group [ASX Code: MGR ] is pleased to advise the following senior management restructure:

Funds Management

Andrew Butler, currently Director, Mirvac Real Estate Investment Trust (MREIT), has been appointed to the newly created position of Director, Listed and Unlisted Funds Management. Mr Butler will be responsible for overseeing the management of all listed and unlisted funds business activities including:

• Mirvac Real Estate Investment Trust [ASX Code: MRZ],

• Mirvac Industrial Trust [ASX Code: MIX],

• Mirvac PFA [BSX Code: PFD],

• Mirvac Domaine,

• Mirvac Real Estate Equity Funds and

• Mirvac Property Trust.

Mr Butler’s responsibilities will also encompass overseeing retail distribution networks and capital transactions for the division.

Garry Wilcox, currently Director, Capital Transactions, will take up the position of Director, Mirvac Real Estate Investment Trust effective immediately. Mr Wilcox has been with Mirvac for two years in the Capital Transactions role and prior to this has held senior positions at ING Office Trust, AMP, Jones Lang LaSalle and Colliers International.

Development

Chris Freeman has been appointed to a newly created role as Chairman, Mirvac UAE, UK and QLD Development. This is in recognition of Mirvac’s stated strategy to further strengthen the strategic relationship with its largest investor, Nakheel.

Brett Draffen, previously CEO NSW Development, has been appointed to the national role of CEO Development, with Adrian Fini remaining as Executive Director Development. Mr Draffen has held senior positions within Mirvac in Western Australia, Victoria, and New South Wales and is ideally experienced to direct and coordinate all Mirvac’s development activities in Australia.

John Carfi has assumed the role of CEO NSW Development, and Matthew Wallace as CEO QLD Development.

For more information, please contact:

Greg Paramor Nicholas Collishaw Managing Director Executive Director, Funds Management T + 61 2 9080 8000 T +61 2 9080 8000

Mirvac is a leading ASX-listed, integrated real estate group with more than $28 billion of activities under control across the real estate funds management and development spectrum.

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