MIRVAC GROUP — Capital/Financing Update 2015

Dec 22, 2015

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23 December 2015

MIRVAC REACHES AGREEMENT WITH CIC TO BECOME THE ASSET MANAGER OF IPT

Mirvac Group ("Mirvac") [ASX: MGR] is pleased to announce that it has reached an agreement with a subsidiary of China Investment Corporation (“CIC”) to become the asset manager of Investa Property Trust (“IPT”), with Morgan Stanley facilitating Mirvac’s entry into management rights contracts for a total consideration of $37.4 million. Mirvac will also invest $25 million in the CIC controlled trusts that are to be managed by Mirvac.

Mirvac’s CEO & Managing Director, Susan Lloyd-Hurwitz, said, “We are delighted to have formed an office funds management relationship with CIC, under which we will provide a dedicated funds management team to manage CIC’s office real estate portfolio. Mirvac will seek to grow our relationship by offering CIC access to both on-market and on-balance sheet office assets.

“The relationship provides Mirvac with an outstanding opportunity to utilise its renowned asset management and development capability across a large platform of office assets, with Mirvac’s office assets under management now valued at approximately $8 billion.”

For more information, please contact:

Media enquiries: Marie Festa Head of Culture and Reputation +61 2 9080 8956

Investor enquiries: Narelle Checchin GM, External Communications and Investor Relations +61 2 9080 8315

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