MIRVAC GROUP — Capital/Financing Update 2009

Dec 7, 2009

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8 December 2009

SALE OF MIRVAC SECURITIES IN THE MRZ SALE FACILITY

As announced yesterday, the implementation of the acquisition of Mirvac Real Estate Investment Trust (“ MRZ ”) by Mirvac Group (“ Mirvac ”) became effective on 7 December 2009. As part of the acquisition, MRZ unitholders were given the opportunity to participate in a sale facility operated by J.P. Morgan Australia Limited and Macquarie Securities (Australia) Limited. MRZ unitholders elected to participate in this facility in respect of 61,310,646 Mirvac stapled securities that they were entitled to receive as a result of the acquisition.

These stapled securities were sold by way of a bookbuild under the sale facility at a price of $1.38 per Mirvac stapled security, with settlement to occur on Friday, 11 December 2009.

Mirvac’s Managing Director, Nick Collishaw stated:

“The completion of the merger with MRZ is a compelling vote of confidence in Mirvac with the vast majority of non Mirvac MRZ unitholders electing to retain Mirvac stapled securities and with the bookbuild receiving strong demand from existing securityholders (domestic and international).”

For more information, please contact:

Investor Enquiries: Media Enquiries: Adam Crowe Kate Lander Group Investor Relations Group Communications Manager +61 9080 8652 +61 2 9080 8397

ME_83808128_1 (W2003)