MIRVAC GROUP — Capital/Financing Update 2008

Mar 31, 2008

==> picture [494 x 64] intentionally omitted <==

==> picture [494 x 65] intentionally omitted <==

1 April 2008

DISTRIBUTION REINVESTMENT PLAN

The Mirvac Group advises that the issue price of its stapled securities to be allotted under the Distribution Reinvestment Plan in respect of the distribution to be paid on Thursday 24 April 2008 is $3.8112 per security. This price includes the 2% discount as previously notified on 17 March 2008.

==> picture [104 x 47] intentionally omitted <==

Michael Smith Group Company Secretary

Mirvac is a leading ASX-listed, integrated real estate group with more than $26.3 billion of activities under control across the real estate funds management and development spectrum.

==> picture [263 x 30] intentionally omitted <==