MIRVAC GROUP — Capital/Financing Update 2010

Feb 4, 2010

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5 February 2010

MIRVAC INVESTMENT DIVISION REVALUATIONS

Mirvac Group [ASX:MGR] reconfirms its announcement on 3 February 2010 that valuations[1] on Mirvac's Investment Division assets were undertaken during the six months to 31 December 2009 resulting in a total revaluation decline of $124.6 million[2] , a decrease of 3.0 percent.

Following further analysis, Mirvac revises its total portfolio weighted average capitalisation rate to 7.88 per cent[3] . This updates Mirvac's announcement on 3 February 2010.

For more information:

Investor Enquiries: Adam Crowe Group Investor Relations +61 2 9080 8652

1 Subject to finalisation of Audit and Board approval.

2 Represents revaluation of Mirvac Property Trust assets excluding fair value adjustments relating to the acquisition of the Mirvac Real Estate Investment Trust portfolio acquired on 7 December 2009. 3 Inclusive of Mirvac Real Estate Investment Trust's assets acquired on 7 December 2009 and subject to finalisation of Audit and Board approval.

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