MIRVAC GROUP — Capital/Financing Update 2010

Apr 7, 2010

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MIRVAC INSTITUTIONAL PLACEMENT

Pursuant to Listing Rule 3.10.3, the Mirvac Group (ASX: MGR) ( Mirvac ) provides the following information in relation to the institutional placement that it announced on 7 April 2010:

Listing Rule 3.10.3 requirement	Mirvac response
Class of securities to be issued	Fully paid ordinary stapled securities, each
	comprising one fully paid ordinary share in Mirvac
	Limited and one unit in Mirvac Property Trust.
Number of securities to be issued (if known) or	Approximately 250 million stapled securities.
maximum number that may be issued
Principal terms of the securities to be issued	The stapled securities will rank equally with existing
	stapled securities in Mirvac from allotment. The
	stapled securities under the institutional placement
	are expected to be allotted on 14 April 2010.
Issue price or consideration	$1.40 per stapled security.
Purpose of the issue	The issue of stapled securities further strengthens
	Mirvac’s balance sheet, whilst allowing for the fast
	tracking of its commercial and residential
	development pipelines without depleting its financial
	capacity.
Whether the entity will seek security holder	Mirvac will not seek securityholder approval for the
approval in relation to the proposed issue of	issue of stapled securities under the institutional
securities	placement.
Whether the issue will be to a class of security	The issue was limited to institutional
holders	securityholders.

Yours sincerely,

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Sonya Harris

General Counsel & Company Secretary

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Important information

This announcement is not an offer or an invitation to acquire Mirvac Group stapled securities or any other financial products and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law. It is for information purposes only. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or to any ‘U.S. person’ (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“Securities Act”) (“U.S. Person”)). Mirvac Group stapled securities have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, any US Person unless the stapled securities have been registered under the Securities Act, or in a transaction exempt from, or not subject to, the registration requirements of the Securities Act.

This announcement is not financial advice or a recommendation to acquire Mirvac Group stapled securities and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek such legal, financial and/or taxation advice as they deem necessary or appropriate to their jurisdiction.

Mirvac Group is not licensed to provide financial product advice in respect of Mirvac Group stapled securities. Cooling off rights do not apply to the acquisition of Mirvac Group stapled securities.

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